Referring to the terms listed in the left column place the appropriate letter next to the corresponding description a. Accelerated depreciation ...1. Cost less salvage value b. Betterment (improvement) 2. The process of allocating a portion of the cost of a depreciable plant asset to the periods in which it provides benefits. c. Book value d Capital expenditure e Depreciable amount f Depreciation g. Depreciation accounting ...3. Cost less accumulated depreciation. 4. An alteration, addition to, or structural change in depreciable asset which makes the asset more durable, productive or efficient ...5. Improvements to real estate that have a limited life. ...6. Tangible long-lived assets used in a business 7. The amount expected to be recovered when a plant asset is disposed of ....8. An estimate, usually expressed in terms of cost of the amount of service potential of a plant asset that expired during a period 9. An accounting procedure under which the amounts of depreciation recorded in the early years of an asset's life are greater than those recorded in later years. 10. Inability of a plant asset to produce enough product to current demands. 11. Another term for plant and equipment. h Extraordinary repairs i. Inadequacy j. Land improvement k. Plant and equipment 1. Plant assets 12. An expenditure made on plant assets that is properly added to a plant asset account. m Physical deterioration n Reveme expenditure o. Salvage value ..13. The decline in usefulness of a plant asset brought about by invention and technological progress. ....14. A normal recuting expenditure made on a plant asset to keep it operating and which is believed to benefit only the current period ....15. The cost of overhauling or reconditioning a plant asset that increases its expected life. 16. The decline in usefulness of a plant asset resulting from wear and tear and the action of the elements ....17. The tax law governing depreciation for tax purposes. p. Obsolescence 4. Accelerated Cost Recovery Act