Match the Items Below by Entering the Appropriate Code Letter

question 194

Essay

Match the items below by entering the appropriate code letter in the space provided.
A. Gain on disposal F. Asset turnover ratio
B. Loss on disposal G. Goodwill
C. Trademark H. Amortization
D. Depletion I. Intangible asset
E. Useful life J. Research costs
1. Process of allocating the cost of an intangible asset to expense over its useful life.
2. Is only recorded when an exchange has commercial substance.
3. Examples are franchises and licenses.
4. The allocation of the cost of a natural resource to expense over its useful life.
5. Can be identified only with a business as a whole.
6. A symbol that identifies a particular enterprise or product.
7. When book value of asset is greater than the proceeds received from its sale.
8. Must be expensed when incurred.
9. Indicates how efficiently a company is able to generate sales with its assets.
10. An estimate of the expected productive life of an asset.

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Definitions:

Administrative Law Judges

Officials who preside over hearings involving federal regulatory agencies, making decisions on disputes between those agencies and individuals or entities.

Good Cause

A legally sufficient reason or set of circumstances that justifies an action under the law.

Enabling Statute

Legislation that gives the necessary authority and guidelines for the creation and operation of an agency or body.

Agency's Authority

The scope of power given to an agency or representative to act on behalf of another party or entity.