Match the Term and the Definition $\rightarrow$ Or ^TM

question 71

Short Answer

Match the term and the definition.Not all definitions will be used.
_____ Accelerated amortization
_____ Goodwill
_____ Patent
_____ EBITDA
_____ Net book value
_____ Fixed assets
_____ Straight-line amortization
_____ Residual value
_____ Trademark
A.Names or images that appear with a $\rightarrow$ or ^TM.
B.A tax law dealing with how companies can amortize their assets.
C.An intangible asset that represents the value of unidentifiable assets.
D.Revenue that a company receives through a licensing agreement.
E.Assets whose values do not change over time.
F.When a company expenses the cost of a long-lived asset by a constant annual amount.
G.The acquisition cost of an asset minus its accumulated amortization.
H.The estimated total use a company expects to receive from an asset.
I.Net income plus interest,taxes,and amortization expenses.
J.What a company expects to receive when an asset is disposed of at the end of its useful life.
K.What a company presents on its balance sheet as the fair market value of an asset.
L.When a company expenses the entire cost of a long-lived asset in the first year of use.
M.Tangible long-lived assets.
N.When a company receives free publicity in return for charitable contributions.
O.When a company allocates the cost of a long-lived asset at a higher rate in the first years of use.
P.The exclusive right to sell or use a product or process that is granted to encourage innovation.

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Definitions:

Direct Materials

Direct materials refer to raw materials that can be directly attributed to the production of a specific product, considered a variable cost in manufacturing.

Cost of Goods Manufactured

The total cost incurred to manufacture products, including costs related to materials, labor, and manufacturing overhead, within a specific period.

Ending Balance

The amount of money in an account at the end of a given period, after all transactions have been accounted for.

Raw Materials

Essential substances and components utilized in production processes for the creation of completed items.