Question: Match the items below by entering the appropriate code letter in the space provided. Plant assets Book value Salvage value Straight-line method Units-of-activity method Double-declining-balance
Match the items below by entering the appropriate code letter in the space provided. Plant assets Book value Salvage value Straight-line method Units-of-activity method Double-declining-balance method 10 MACRS Revenue expenditures Capital expenditures 1. Small expenditures which primarily benefit the current period. 2. Cost less accumulated depreciation. 3. An accelerated depreciation method used for financial statement purposes. 4. Tangible resources that are used in operations and are not intended for resale. 5. Equal amount of depreciation each period. 6. Expected cash value of the asset at the end of its useful life. 7. Process of allocating the cost of equipment over its service life. 8. Material expenditures that increase an asset's operating efficiency, productive capacity, or useful li 9. An accelerated depreciation method used for tax purposes. 10. Useful life is expressed in terms of units of production or expected use
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