Question
Listed below are ten terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the correct
Listed below are ten terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the correct term. TERM DEFINITION
______1. Amortization A. The basic principle is to value assets acquired using fair value of consideration given.
______2. Technological feasibility B. The allocation of cost for intangible assets. __
____3. Copyright C. Point in time to begin capitalization of software development costs. __
____4. Land improvements D. Exclusive right of protection given to the creator of a published work. __
____5. Asset retirement obligations E. Property, plant, and equipment and intangible assets. __
____6. Fixed asset turnover ratio F. Expensed in the period incurred. ____
__7. Non-monetary exchange G. The redemption of a bond issue gradually over its mandatory term. ___
___8. Sinking Fund. H. Measured at fair value and recognized as a liability. __
____9. Research & Development Costs I. Includes parking lots, fences and driveways, lighting and sprinkler systems. __
___10. Long-Term Revenue Producing Assets J. A measurement of efficiency in using depreciable assets.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started