P$1.$ Common terms associated with long$-$term assets follow.

a$.$ Tangible assets g$.$ Depreciation

b$.$ Natural resources h$.$ Depletion

c$.$ Intangible assets i$.$ Amortization

d$.$ Additions j$.$ Revenue expenditure

e$.$ Betterments

f$.$ Extraordinary repair

Required

$1.$ For each of the statements that follow, identify the term with which it is associated.

$($If two terms apply, choose the one that is most closely associated.$)$

$1.$ Periodic cost associated with intangible assets.

$2.$ Cost of constructing a new wing on a building.

$3.$ A group of assets encompassing property, plant, and equipment.

$4.$ Cost associated with enhancing a building but not expanding it$.$

$5.$ Periodic cost associated with tangible assets.

$6.$ A group of assets that gain their value from contracts or rights.

$7.$ Cost of normal repairs to a building.