identification of terms

to the depreciation method used by the MACRS General Depreciation System. i. refers It It refers to the market value of the asset at the end of its useful life It refers to the expected period that an asset will be used in a business to produce income. 2. 3. refers to the depreciation method that makes use of use, instead of time, as the basis of the decrease in value of the asset. It refers to the initial cost of acquiring an asset, including costs of making the asset serviceable for its intended use It refers to the classification of depreciable assets under which engineering projects fall. It refers to the depreciation method that assumes a constant amount is depreciated each year over the useful life of the asset. It refers to the amount that will be paid by a willing buyer to a willing seller for an asset where each has equal advantage and is under no compulsion to buy or sell. It refers to the amount of capital that remains invested in the asset. 4. It 5. 6. 7. 8. 9. 10. It refers to the depreciation method used by the MACRS Alternative Depreciation System