match the following and one multiple choice question

31. Factoring 32. Allowance method 33. Net realizable value 34. Direct write-off method _ A. The value of receivables expected to be collected B. Selling receivables for a fee C. Used by small companies with few receivables D. Records bad debt expense by estimating uncollectible accounts 35. Expense A. Sports Equipment in a Sports Management Company B. Land acquired for resale C. Tractor used by a peanut farmer 36. Investment 37. Fixed Asset 38.Capitalized cost 39. Residual Value 40. Depreciable cost 41. Book Value A. The difference between asset's purchase cost and its residual value B. The purchase price of an asset, plus all costs to prepare it for use C. The estimated value of an asset at the end of its useful life D. The value of an asset, less its accumulated depreciation 100 42. Intangible asset 43. Goodwill 44. Patent 45. Copyright A. Asset that provides the exclusive right to produce and sell a product with unique features B. Asset that confers the exclusive right to sell a literary, artistic or musical composition C. Asset used in the operation of a business that does not exist physically D. Asset value in excess of its fair value 1203 Word English (US) BONUS... WORTH ADDITIONAL 3 POINTS An asset has the following cost and usage Cost of $160,000 Useful life of 50,000 hours Was used for 2500 hours during the day Residual Value of $10,000 Using the following formulas... Depreciation per unit= Cost-Residual Value Total Estimated units of activity Depreciation Expense = Depreciation per unit x units of activity What is the units-of-activity depreciation for the year? A. $7,500 B. $2,500 C. $5,000 D. $3,000