Examlex
Choose the letter to of the appropriate definition to match each term.Not all definitions will be used.
Term
1._____ Accelerated depreciation
2._____ Goodwill
3._____ Patent
4._____ EBITDA
5._____ Net book value
6._____ Fixed assets
7._____ Straight-line depreciation
8._____ Residual value
9._____ Trademark
Definition
A.Names or images that appear with a ® or TM.
B.A tax law dealing with how companies can depreciate their assets.
C.An intangible asset that represents the value of unidentifiable assets acquired.
D.Assets whose values do not change over time.
E.When a company expenses the cost of a long-lived asset by a constant annual amount.
F.The acquisition cost of an asset minus its accumulated depreciation.
G.The estimated total use a company expects to receive from an asset.
H.Net income plus interest,taxes,depreciation and amortization expenses.
I.What a company expects to receive when an asset is disposed of at the end of its useful life.
J.When a company expenses the entire cost of a long-lived asset in the first year of use.
K.Tangible long-lived assets.
L.When a company receives free publicity in return for charitable contributions.
M.When a company allocates the cost of a long-lived asset at a higher rate in the first years of use.
N.The exclusive right to sell or use a product or process that is granted to encourage innovation.
Moving Expenses
Costs incurred for relocating for a new job or business location that were once deductible under certain conditions, but are now limited following recent tax law changes.
Old Residence
Refers generally to a taxpayer's previous home or dwelling before moving to a new location.
Distributions
Payments made from a business, trust, or investment fund to its owners or investors, usually in the form of cash or stock.
Qualified Medical Expenses
Out-of-pocket medical costs that are deductible for tax purposes, assuming they exceed a certain percentage of the taxpayer's AGI.
Q1: If net sales revenue and the average
Q42: Debentures are:<br>A) unsecured bonds.<br>B) secured bonds.<br>C) serial
Q105: Which of the following statements about equity
Q121: A company lends $10,000 to an employee
Q125: When estimated useful life of an asset
Q126: All other things being equal,a company is
Q130: Shenandoah Skies bought land to be used
Q160: At the end of the accounting period,but
Q194: A company buys a piece of equipment
Q244: Daffy Duct,Inc.issued 10,000 shares of no-par value