From the following clues relating to depreciation, complete the crossword in figure 13.1.

Across 3 The opposite of revenue.

4 This asset is expected to be of use to the business for longer than 12 months.

7 This spreads the expense of the non-current asset over its useful life.

8 This is the total cost value of the non-current asset less the accumulated depreciation (2 words).

9 The life or time that a non-current asset is expected to be available for use by a business (2 words).

10 Depreciation expense is spread over the useful life of the asset as part of the . . . . . . . . process.

11 This account is a negative asset deducted in the balance sheet from the non-current asset (2 words).

12 This is an estimate of what the asset could be sold for at the end of its useful life to the business (2 words).

13 The non-current asset, accumulated depreciation and the carrying amount are shown in this financial report (2 words).

Down 1 This is the cost of a non-current asset including any installation less its residual value, using the straight line method (2 words).

2 Expenses are written off to this account at the end of the financial accounting period (3 words).

5 The cost of getting an asset into the position required in an area and the various costs of supplying electrical, water and other services to it are all part of the . . . . . . . . cost.

6 Depreciation expense is reported in this financial report at the end of the year (2 words).

Transcribed Image Text:

13 11 3 10 12 6 8 5