B. MATCHING
Instructions: Match each of the statements below with its proper term. Some terms may not be used.
A. accelerated depreciation method						M. intangible assets
B. amortization						N. operating leases
C. book value						O. patents
D. boot						P. ratio of fixed assets to long-term liabilities
E. capital expenditures						Q. ratio of fixed assets to total assets
F. capital leases						R. residual value
G. copyright						S. revenue expenditures
H. declining-balance method						T. straight-line method
I. depletion						U. trade-in allowance
J. depreciation						V. trademark
K. fixed assets						W. units-of-production method
L. goodwill
	1. Long-term or relatively permanent tangible assets that are used in the normal business operations.
	2. The systematic periodic transfer of the cost of a fixed asset to an expense account during its
	expected useful life.
	3. The estimated value of a fixed asset at the end of its useful life.
	4. A method of depreciation that provides for equal periodic depreciation expense over the estimated
	life of a fixed asset.
	5. A method of depreciation that provides for depreciation expense based on the expected
	productive capacity of a fixed asset.
	6. A method of depreciation that provides periodic depreciation expense based on the declining
	book value of a fixed asset over its estimated life.
	7. The cost of a fixed asset minus accumulated depreciation on the asset.
	8. A depreciation method that provides for a higher depreciation amount in the first year of the asset's
	use, followed by a gradually declining amount of depreciation.
	9. The costs of acquiring fixed assets, adding to a fixed asset, improving a fixed asset, or extending
	a fixed asset's useful life.
	10. Costs that benefit only the current period or costs incurred for normal maintenance and repairs
	of fixed assets.
	11. The amount a seller allows a buyer for a fixed asset that is traded in for a similar asset.
	12. The amount a buyer owes a seller when a fixed asset is traded in on a similar asset.
	13. The process of transferring the cost of natural resources to an expense account.
	14. Long-term assets that are useful in the operations of a business, are not held for sale, and are
	without physical qualities.
	15. The periodic transfer of the cost of an intangible asset to an expense.
	16. An intangible asset that is created from such favorable factors as location, product quality,
	reputation, and managerial skill.
	17. Exclusive rights to produce and sell goods with one or more unique features.
	18. An exclusive right to publish and sell a literary, artistic, or musical composition.
	19. A name, term, or symbol used to identify a business and its products.