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Name A ar 0o0,es2 oluA Chapter 17 Depreciation oll botomile Part I Vocabulary Matchup A. An allocation of the cost of an asset 1. MACRS
Name A ar 0o0,es2 oluA Chapter 17 Depreciation oll botomile Part I Vocabulary Matchup A. An allocation of the cost of an asset 1. MACRS 2. Accumulated depreciation B. Even amount of depreciation expense each year A table showing depreciation allocation D. E. Depreciation based on usage F. Estimated life of asset G. Estimated value after depreciation taken H. Scrap value I. Depreciation that has been built up J. One divided by number of years of expected life K. Residual value not deducted in calculation L. Cost less accumulated depreciation M. Came before MARCS C. 3. Book value 4. Declining-balance method 5. Depreciation 6. Depreciation schedule 7. Residual value 8. Straight-line method 9. Straight-line rate Result of Tax Reform Act of 1986 10. Trade-in 11. Units-of-production 12. Useful life 13. ACRS Part IIl Drill Complete the following (use the straight-line method) 14. Auto: $40,000 Residual value: 4,000 5 years 14. A Estimated life: Depreciation Accumulated Book Year Cost Expense Depreciation Value K
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