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1The following are a list of terms: I depletion 2 useful life 3 deprcciation base 4 double-declining-balance method 5 rational method of cost allocation 6
1The following are a list of terms: I depletion 2 useful life 3 deprcciation base 4 double-declining-balance method 5 rational method of cost allocation 6 salvage value 7 depreciable cost 8 amortization 9 activity method 10 declining-balance method 11 systematic method of cost allocation 12 service life Required: Match each term with the appropriate definition by entering the letter from below into the blank in the table above. a. The allocation of costs as they relate to copyrights, patents, and trademarks. b. Based on the decline in the asset's service potential cach period. c. Calculated based upon a formula rather than an arbitrary manner. d. Can be measured in units, hours, or time c. A constant rate applied to the book valuc of the asset f. Based upon the amount of use versus time periods. g. The allocation of costs related to natural resources. h. The difference between the original cost of the asset and an estimate of its residual value. Uses two times the straight-line depreciation rate applied to the book value of the asset at the beginning of each period i. j. The amount of time the company expects the asset to be viable. k. Computed as: Asset Cost Estimated Residual Value I. Theexpected book value at the end of the depreciation period
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