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Match the following: Book value 2 Depreciation 4 Service life 5 Residual value 3 Accumulated depreciation Match each of the options above to the items

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Match the following: Book value 2 Depreciation 4 Service life 5 Residual value 3 Accumulated depreciation Match each of the options above to the items below. A contra-asset account representing the total depreciation taken to date. Equal to the original cost of the asset minus the current balance in accumulated depreciation. Allocating the cost of a tangible asset over its service life. The amount the company expects to receive from selling the asset at the end of its service life. How long the company expects to receive benefits from the asset before disposing of it

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