Examine the following list of items, and match each to the best corresponding description from the choices list. Each choice should be used only once.

(1) Cost minus salvage value

(2) Cost minus accumulated depreciation

(3) Depreciation is a process of this, rather than valuation

(4) Costs that are added to an asset account

(5) Costs of items added to a land-related account, like paving and landscaping

(6) Abundled purchase of assets

(7) Lessee does not report the asset

(8) Like straight-line, but the denominator is not time

(9) A tax-based allocation of cost that is not GAAP

(10) Justification for expensing small items 

(11) Included with land cost 

(12) Expensed immediately 

(13) Results in less depreciation each year than the year before

CHOICES:
Materiality 

Depreciable base 

Book value Survey and title fees 

MACRS 

Abnormal damage during installation 

Land improvements 

Operating lease 

Capital expenditures 

Allocation .

Accelerated depreciation 

Units-of-output method 

Lump sum purchase