Match the Terms with the Definitions

question 11

Multiple Choice

Match the terms with the definitions.
-Assets that are expected to provide benefits for a number of accounting periods.

• A)Accelerated Cost Recovery System (ACRS)
• B)accelerated depreciation methods
• C)amortization
• D)trademark
• E)cash equivalent price
• F)long-term assets
• G)copyright
• H)cost
• I)patent
• J)depreciable cost (base)
• K)depreciation
• L)physical depreciation
• M)tangible assets
• N)sum-of-the-years'-digits method
• O)salvage value
• P)property, plant, and equipment

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Definitions:

Comparable Pay

A principle of employee compensation that ensures employees doing similar work with similar skills, effort, and responsibilities in the same organization receive similar pay.

Equal Pay

The concept ensuring that employees who perform the same or substantially similar work are compensated equally, regardless of gender, ethnicity, or other non-performance-related factors.

Escalator Clauses

Provisions in a contract that allow for automatic adjustments in certain conditions, such as price or wage increases, based on predefined criteria like inflation rates.