$1$

Choose the appropriate definition for each term.

$2$ points

$00$:$45$:$11$

$\backslash$table$[[$Term$,$Definition$],[$Long$-$lived assets,Assets that will be used for more than a year.$],[$Capitalization of cost$,$How expenses are reported in the income statement.$],[$Units$-$of$-$production method,A depreciation method that produces higher amounts of depreciation expense in the early years of an asset's life$],[$Carrying value,and lower amounts in the later years.$],[$Asset impairment loss,$],[$Depreciation$,]]$