Match each of the following terms with its definition by placing the correspondi
ID: 2449799 • Letter: M
Question
Match each of the following terms with its definition by placing the corresponding letter in the space provided next to the definition.
a. Additions and improvements g. Franchise
b. Amortization h. Goodwill
c. Book value i. Impairment
d. Capital expenditures j. Ordinary repairs
e. Copyright k. Research and development costs
f. Depreciable cost l. Trademark
____ 1. An exclusive right granted by the federal government allowing the owner to reproduce and sell an artistic or published work
____ 2. The value of all favorable attributes related to a business enterprise when it is sold
____ 3. A permanent decline in the market value of an asset
____ 4. The process of allocating to expense the cost of an intangible asset
____ 5. The cost of a plant asset less its salvage value.
____ 6. Costs incurred to increase the operating efficiency, productive capacity, or expected useful life
____ 7. Expenditures that increase the company’s investment in plant assets
Explanation / Answer
1. Copyright
2. Goodwill
3. Impairment
4. Amortization
5. Depreciable cost
6. Additions and improvements
7. Capital expenditures