Match the Terms with the Definitions

question 41

Multiple Choice

Match the terms with the definitions.
-Long-term assets that have no physical substance.

• A)Accelerated Cost Recovery System (ACRS)
• B)intangible assets
• C)Modified Accelerated Cost Recovery System (MACRS)
• D)book value
• E)cash equivalent price
• F)conservatism
• G)straight-line method
• H)tangible assets
• I)depletion
• J)depreciable cost (base)
• K)trade-in allowance (trade value)
• L)double-declining-balance method
• M)functional depreciation
• N)units-of-production method

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Definitions:

Women's Clubs

Organizations and groups formed largely by women, aiming to promote social reforms, education, and community development.

Temperance Associations

Organizations dedicated to promoting moderation or the complete abstinence from alcoholic beverages.

Social Reform

Efforts aimed at making structural changes to society in order to correct injustices and inequalities, often involving legislative, social, or economic changes.

Permanent Colonies

Permanent colonies refer to long-term settlements established by nations outside their borders, intended to remain indefinitely and often serve economic, strategic, or colonization purposes.