_____ 1. Long-term or relatively permanent tangible assets that are used in the normal business operation are called _____ assets. _____ 2. The cost of a special foundation incurred in connection with the acquisition of a secondhand machine would be debited to the ___ account. ______ 3. The estimated value of fixed asset at the end of its useful life is called _____ value. _____ 4. The cost of a fixed asset minus accumulated depreciation on the asset is called the ____ value. _____ 5. The costs of acquiring fixed assets, adding to a fixed asset, improving a fixed asset, or extending a fixed asset's useful life are called ____ expenditures. _____ 6. Costs that benefit only the current period or costs incurred for normal maintenance and repairs are called ____ expenditures. _____ 7. The process of transferring the cost of natural resources to an expense account is called ____. ____ 8. ____ is the periodic transfer of a cost of an intangible asset to an expense. _____ 9. ___ are exclusive rights to produce and sell goods with one or more unique features. _____10. The cost of a patent is amortized by debiting Amortization Expense Patents and crediting _____. _____ 11. Shark Company owns dozens of machines used on its product assembly line. Depreciatio expenses for these assets should be classified as ____ ____ costs. ____ 12-13. Period costs are generally classified into two categories. _____ 13. _____ 14. Indirect materials and indirect labor are examples of this manufacturing cast. _____ 15. The controlling account for the cost ledger is