3 A depreciation method that charges a varying amount to expense for each period of an asset's useful life depending on its usage. 2 An expenditure to make a plant asset more efficient or productive. 10 An expenditure reported on the current income statement as an expense because it does not provide a material benefit in future periods. 7 1. Depletion A revision in a financial statement amount that results from new information, subsequent developments, better insight, or improved judgment 2. Betterment 3. Units of Production 4. Intangible Assets Ordinary Repair 5. A method that yields larger depreciation expense during the carly years of an asset's life and smaller expense in the later years. 6. Accelerated Depreciation 7. Change in Accounting Estimate An expenditure made to keep a plant asset in normal, good operating condition 8. Goodwill 9. Total Asset Turnover 10. Revenue Expenditure The process of allocating the cost of natural resources to periods when they are consumed. The amount by which the company's value exceeds the value of its individual assets and liabilities. A measure of a company's ability to use its assets to generate sales. Certain non-physical items used in operations that confer on their owners long-term rights, privileges, or competitive advantages