The Following Are a List of Terms

question 94

Essay

The following are a list of terms:
______ 1 depletion
______ 2 useful life
______ 3 depreciation base
______ 4 double-declining-balance method
______ 5 rational method of cost allocation
______ 6 salvage value
______ 7 depreciable cost
______ 8 amortization
______ 9 activity method
______ 10 declining-balance method
______ 11 systematic method of cost allocation
______ 12 service life
Required:
Match each term with the appropriate definition by entering the letter from below into the blank in the table above.
a. The allocation of costs as they relate to copyrights, patents, and trademarks. b. Based on the decline in the asset's service potential each period.
c. Calculated based upon a formula rather than an arbitrary manner. d. Can be measured in units, hours, or time.
e. A constant rate applied to the book value of the asset. f. Based upon the amount of use versus time periods.
g. The allocation of costs related to natural resources.
h. The difference between the original cost of the asset and an estimate of its residual value.
i. Uses two times the straight-line depreciation rate applied to the book value of the asset at the beginning of each period.
j. The amount of time the company expects the asset to be viable. k. Computed as: Asset Cost - Estimated Residual Value
l. The expected book value at the end of the depreciation period.

Estimate changes in labor costs and production time based on variations in learning rates.

Calculate the production capacity within time and labor constraints.

Set pricing based on learning curves and cost-plus pricing strategies.

Understand the concept of a learning curve and its application in time and cost estimation.

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Definitions:

Chain of Command

Describes a system of authority in an organization where orders are passed from senior-level to junior-level individuals.

Bad Communication Habits

Refers to consistent patterns of ineffective communication practices that could include interrupting others, not listening actively, or using ambiguous language, leading to misunderstandings.

Overwhelmed

A state of being unable to cope with the amount or intensity of demands, emotions, or stimuli faced.

Illustrators

Gestures that are used to clarify a point, such as pointing when giving directions.