41. Listed below are nine technical accounting terms introduced in this chapter. Half-year convention Revenue expenditure Accumulated depreciation Capital expenditure Straight-line Research & Development MACRS Goodwill Accelerated depreciation Each of the following statements may or may not describe one of these technical terms. Indicate the accounting term described for each statement, or answer None if the statement does not correctly describe any of the terms. a) An expenditure to pay an expense of the current period. b) The accelerated depreciation system used in federal income tax returns for depreciable assets purchased after 1986. c) A policy that fractional-period depreciation on assets acquired or sold during the period should be computed to the nearest month. d) An intangible asset representing the present value of future earnings in excess of normal return on net identifiable assets. e) Expenditures that could lead to the introduction of new products, but which, according to the FASB, should be viewed as an expense of the current accounting period. f) Depreciation methods which take less depreciation in the early years of an asset's useful life, and more depreciation in the later years. g) An account showing the portion of the cost of a plant asset which has been written off to date as depreciation expense