Listed below are 10 terms followed by a list of phrases that describe or characterize the terms. Match each phrase with the correct term. Allocation base The replacement of a major component of plant and equipment asset. _______ Activity-based method Can be expressed in units of time or in unit of activity. _____ Residual value Cost allocation for an intangible asset. _____ Service life Allocates an equal amount of depreciable base to each period. _____ Amortization Multiples book value by twice the straightline rate. ____ Straight-line method Estimates service life in terms of a measure of activity. ____ Additions The amount the company expects to receive for the asset at the end of its life. ____ Depletion Cost allocation for natural resources. ___ Improvements Adding a new major component to existing plant and equipment. ____ Double-declining balance The difference between cost and residual value. ____