Chapter $9$ terms and definitions

Please find the correct terms for each number. $(1-20)$

Across

$2.$ business assets acquired for use over one or more years

$5.$ a company may choose this depreciation method, which relies on the fraction of actual production for the period divided by the estimated total production over the asset's useful life

$7.$ this term defines those long$-$term assets that lack physical substance; ex: goodwill, patents, trademarks,copyrights

$10.$ the total depreciation to date for an asset, recorded on the balance sheet

$11.$ an intangible asset that is an exclusive right granted by the federal government that protects intellectual property

$13.$ also known as book value, this is the difference of the asset's historical cost and the accumulated appreciation, calculate it$,$ and shown on the balance sheet

$14.$ The accounting treatment for extraordinary repairs, that extend the asset, useful life, or improve productivity.

$16.$ The company may choose this depreciation method to report more depreciation, expense in the early years of an assets life, when the asset is more efficient and less in years later as the asset becomes less efficient

$19.$ An intangible asset that is a symbol, design, or logo associated with a business

$20.$When an asset disposal is recorded, this is when the cash received is less than the assets book value

Down

$1.$The difference between an asset's original cost and the amount the company expects to get by selling an asset at the end of its useful life

$3.$ The cost allocation process for intangible assets

$4.$ The amount of depreciation recorded for the current year, on the income statement

$6.$A company may choose this depreciation method when an asset is expected to be used up in equal amounts each period of the asset's estimated useful life

$8.$the cost allocation process for that matches the costs of operational assets with the periods benefitted by their use

$9.$ The estimated amount to be recovered at the end of the company's estimated useful life for an asset

$12.$ This term defines those long$-$term assets that have a physical substance; EX: land, building, equipment, vehicles.

$15.$when the estimated future cash flows from a long$-$lived asset falls below the book value, usually due to casualty, obsolescence, or lack of demand.

$17.$The accounting treatment for ordinary maintenance and repairs on assets

$18.$ When an asset disposal is recorded, this is when the cash received is greater than the asset's book value