Match each of the following terms with the appropriate definitions. a. Depletion b. Betterment c. Ordinary repairs d. Units-of production method e. Intangible assets f. Amortization g. Goodwill The amount by which the company's value exceeds the 1. value of its individual assets and liabilities An expenditure that makes a plant asset more efficient or productive. A method of depreciation that yields larger expense during 3. the early years of an asset's life and smaller expense in the later years. Expenditures to keep a plant asset in good operating 4. condition 5. The process of allocating the cost of a natural resource to the period when it is consumed The process of systematically allocating the cost of an intangible asset to expense over its estimated useful life. Nonphysical assets used in operations that give long-term 7. rights or competitive advantages to their owners. Match each of the following terms with the appropriate definitions. a. Leasehold improvements b. Depletion C. Salvage value d. Book value 1. An estimate of an asset's value at the end its benefit period. 2. Improvements to leased property made by the lessee. 3. The total cost of a plant asset less its accumulated depreciation. The process of allocating the cost of natural resources to the periods when they are consumed. 4