Match Each Term with the Appropriate Definition

question 89

Multiple Choice

Match each term with the appropriate definition.Not all definitions will be used.
-Depreciable cost

• A)Net sales revenue divided by average net fixed assets.
• B)Costs that are expensed in the period incurred.
• C)A contractual agreement that allows limited permission for use of a property.
• D)Net income divided by average total assets.
• E)An estimate of how long a tangible asset will last before it physically wears out.
• F)Asset cost minus residual value.
• G)Costs that are recorded as revenues.
• H)An estimate of how long a company will use a particular asset.
• I)Allocating the cost of tangible assets over their limited useful life.
• J)A cumulative record of depreciation expense,accumulated depreciation and book value.
• K)Asset cost minus accumulated depreciation.
• L)Grants the exclusive right to sell or use a creative work.
• M)The method whereby different parts of an asset may be depreciated over different useful lives under IFRS.
• N)The principle that companies wish to pay the lowest possible tax at the last possible time.
• O)Allocating the cost of intangible assets over their limited useful life.

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Definitions:

Technical Skills Training

Instruction aimed at imparting specific skills and knowledge needed to perform particular tasks or jobs, especially relating to technology or applied sciences.

Non-Technical Skills

Abilities that do not involve technical knowledge or expertise, such as communication, teamwork, problem-solving, and leadership.

Ethics Training

Educational sessions or programs designed to inform individuals about moral principles and standards of conduct relevant to their profession or daily activities.

Ethical Dilemmas

Situations where a person must choose between two morally correct but conflicting actions, and the choice made could lead to a violation of ethical principles.