1. Extraordinary repairs	An estimate of an asset's value at the end its benefit period.	____
2. Depletion	Major repairs that extend the useful life of a plant asset beyond its original estimate.	____
3. Amortization	The process of allocating the cost of an intangible asset to expense over its estimated useful life.	____
4. Inadequacy	A right granted that gives its owner the exclusive privilege to publish and sell musical, literary, or artistic work during the life of the creator plus 70 years.	____
5. Salvage value	A condition which, because of new inventions and improvements, a plant asset is no longer useful in producing goods or services with a competitive advantage.	____
6. Patent	The total cost of a plant asset less its accumulated depreciation.	____
7. Land improvements	The process of allocating the cost of natural resources to the periods when they are consumed.	____
8. Copyright	An exclusive right granted to its owner to manufacture and sell an item, or to use a process, for 20 years.	____
9. Obsolescence	The insufficient capacity of plant assets to meet the company's productive demands.	____
10. Book value	Assets that increase the benefits of land, have a limited useful life, and are subject to depreciation.	____