Fill in the blank. Complete each of the following statements by writing the appropriate words in the Answers column.

13. Three factors taken into consideration when depreciation expense is calculated are:
1.
2. _________________________, and.
3. _________________________.
4. Costs that improve the asset or extend its useful life are
5. Cost of an asset minus its accumulated depreciation is called
6. Long-lived assets that are useful in the operations of a business, not held for sale, and represent legal rights are usually classified on the balance sheet as
79. The following expenditures are related to land acquired for use by a business. Indicate the account that should be debited for each expenditure.
7. Cost of paving parking areas
8. Cost of razing unwanted building
9. Legal fees paid in purchasing land
1013... The following expenditures are related to equipment acquired for use by a business. Indicate the account that should be debited for each expenditure.
10. Cost of vandalism on the equipment during installation
11. leveling foundation
12. New parts to replace those damaged in installation
13. Installation costs
14. A patent is referred to as a(n)
15. The expense account for consuming natural resources is