1. Cost that does not extend the useful life of your PPE, but instead it will only just keep the PPE going or functioning. It maintains an asset but it does not really improve the economic value of it_________

2. A non-current asset that is not subject to depreciation________

3. Company A owns a vehicle worth $100,000, with a useful life of 5 years. They want to depreciate with the double-declining balance. Show your solution.

4. Your Betterments are recorded in the: ___________

5. Depreciation does not measure the decline in market value of an asset. True or False 6. Company A has a machine worth $100,000, with a residual value of $5,000. Production of units is 95,000. What is the depreciation expense if you calculate using the units-of-production method.

7. Calculate the Depreciation Cost using Straight-Line Method: Company A purchases a machine for $100,000 with an estimated salvage value of $20,000 and a useful life of 5 years. Show your solutions.

8. This is the total amount of depreciation expense that is allocated to a specific asset since the asset was put into use: _________

9. They have no physical substance, are non-monetary (it means they have no fixed cash flows attached to it) ________.

10. XYZ Company purchased equipment on January 1, 2015 for $100,000. The equipment has a residual value of $20,000 and has an expected useful life of 8 years. On December 31, 2017, what is the balance of the accumulated depreciation account?

11. This is the systematic allocation of the cost of an intangible asset over its useful life.

______________

12. This is the systematic allocation of the cost of an intangible asset over its useful life:

______________

13. It is a legally protected exclusive right to an invention that prevents others from manufacturing, selling, or unauthorized use of the invention for 20 years:______________