Match Each Definition with the Correct Term Below

question 115

Short Answer

Match each definition with the correct term below.
-Estimated useful life
A)Enlargements of a plant's physical layout.
B)A right to occupy land or buildings under a long-term contract.
C)The portion of an asset's acquisition cost that a company expects to recover when it disposes of the asset.
D)The proportional allocation of the cost of a natural resource to the units extracted.
E)A registered symbol that can be used only by its owner to identify a product or service.
F)The excess of the amount paid for a business over the fair market value of the business's net assets.
G)The periodic allocation of the cost of an intangible long-lived asset to the periods it benefits.
H)Improvements to a plant asset that do not add to the plant's physical layout.
I)The total number of service units expected from a long-term asset.
J)The periodic allocation of the cost of a tangible long-lived asset over its estimated useful life.

• A)Enlargements of a plant's physical layout.
• B)A right to occupy land or buildings under a long-term contract.
• C)The portion of an asset's acquisition cost that a company expects to recover when it disposes of the asset.
• D)The proportional allocation of the cost of a natural resource to the units extracted.
• E)A registered symbol that can be used only by its owner to identify a product or service.
• F)The excess of the amount paid for a business over the fair market value of the business's net assets.
• G)The periodic allocation of the cost of an intangible long-lived asset to the periods it benefits.
• H)Improvements to a plant asset that do not add to the plant's physical layout.
• I)The total number of service units expected from a long-term asset.
• J)The periodic allocation of the cost of a tangible long-lived asset over its estimated useful life.

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Definitions:

Industrialism

The social and economic system built on the production of goods and services by the use of industrial technology and factories.

Mass Schooling

The system of public education provided universally to a large population, aiming to standardize knowledge and promote societal integration.

Virtual Education

An educational experience that is conducted online, utilizing digital platforms to deliver instruction and facilitate learning remotely.

Sophisticated Computer Technology

Refers to advanced technological systems and devices that incorporate complex computing functionalities, including artificial intelligence, machine learning, and high-speed data processing.