Depreciation Concepts

Listed below are concepts and terminology related to depreciation.

Required:

Match each concept with the related terminology.

	Concepts	Terminology
1.	The period of time over which the company anticipates deriving benefit from the use of the asset	SelectDepreciationAccumulated depreciationBook valueUseful lifeResidual valueItem 1
2.	The cost of the asset minus its accumulated depreciation	SelectDepreciationAccumulated depreciationBook valueUseful lifeResidual valueItem 2
3.	The total amount of depreciation expense that has been recorded for an asset since the asset was acquired	SelectDepreciationAccumulated depreciationBook valueUseful lifeResidual valueItem 3
4.	The amount of cash or trade-in consideration that the company expects to receive when an asset is retired from service	SelectDepreciationAccumulated depreciationBook valueUseful lifeResidual valueItem 4
5.	A process of cost allocation, not an attempt to measure the fair value of an asset	SelectDepreciationAccumulated depreciationBook valueUseful lifeResidual valueItem 5