Match Each Term with the Appropriate Definition

question 126

Multiple Choice

Match each term with the appropriate definition.Not all definitions will be used.
-Fixed assets

• A)When a company expenses the entire cost of a long-lived asset in the first year of use.
• B)When a company receives free publicity in return for charitable contributions.
• C)A tax law dealing with how companies can depreciate their assets.
• D)The acquisition cost of an asset minus its accumulated depreciation.
• E)When a company expenses the cost of a long-lived asset by a constant annual amount.
• F)The exclusive right to sell or use a product or process that is granted to encourage innovation.
• G)Net income plus interest,taxes,depreciation and amortization expenses.
• H)Tangible long-lived assets.
• I)An intangible asset that represents the value of unidentifiable assets acquired.
• J)Names or images that appear with a ® or ^TM.
• K)What a company expects to receive when an asset is disposed of at the end of its useful life.
• L)Assets whose values do not change over time.
• M)When a company allocates the cost of a long-lived asset at a higher rate in the first years of use.
• N)The estimated total use a company expects to receive from an asset.