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please help 1. Plant, property, and equipment A. Total amount of depreciation expense that has been recorded for an asset since the asset was acquired.
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1. Plant, property, and equipment A. Total amount of depreciation expense that has been recorded for an asset since the asset was acquired. 2. Depreciation B. Costs incurred to form a company 3. Depreciation expense C. An accelerated depreciation method that produces a declining amount of depreciation expense each period the asset is used. 4. Accumulated depreciation D. The amount of cash or trade-in consideration a company 5. Book value (or carrying value) expects to receive when as asset is retired from service. 6. Useful life E. Permanent decline in the future benefit or service of an asset 7. Residual value (or salvage value) G. Tangible operating assets used in the normal operations of a company. 8. Depreciable cost benefits of the asset 9. Straight-line depreciation method 1. When assets are lost or destroyed through theft, acts of nature or accident 10. Declining balance deprec 11. Units of Production metho 12. Revenue expenditures 13. Capital expenditures J. The amount of depreciation recorded for each period on the income statement. K. Coal deposits, oil reserves and mineral deposits L. Internally developed intangible assets where the cost of developing the asset is expensed as incurred M. The cost of an asset minus its residual value. N. The cost of a intangible asset with a finite life allocated to periods over the life of the asset O. Expenditures that extend the life of the asset P. The process of allocating the cost of a tangible fixed asset to 14. Voluntary disposal 15. Involuntary disposal 16. Intangible operating asset 17. Research and develop 18. Organizational costs - O. Expenditures that extend the life of the asset expensess of or allocating the cost of a tangible fixed asset to Q. Allocation of equal amounts of an asset's cost to depreciation expense for each year of the asset's useful life. R. Allocation of natural resource costs to periods as the asset is removed from the earth 19. Amortization s. Cost of an asset less its accumulated depreciation 20. Natural resources T. The period of time over which the company anticipates deriving benefit from the use of the asset. 21. Depletion U. Measured by the productive capacity of the asset (eg. Units produced) 22. Impairment V. Assets that represent future economic benefit to the company, but lack physical substance Step by Step Solution
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