Choose the appropriate definition for each term

Choose the appropriate definition for each term. Term Amortization Useful life Licensing right Least and latest rule Component allocation Fixed asset turnover ratio Depreciable cost Copyright Depreciation schedule Revenue expenditures Definition A contractual agreement that allows limited permission for use of a property. A cumulative record of depreciation expense, accumulated depreciation and book value. Allocating the cost of intangible assets over their limited useful life. Allocating the cost of tangible assets over their limited useful life.