Problem 7 (10 Points) Match the items below by entering the appropriate code letter in the space provided. A. Useful life B. Amortization C. Trademark D. Depletion E. Research and development costs F. Asset turnover G. Goodwill H. Loss on disposal I. Intangible asset Process of allocating the cost of an intangible asset to expense over its useful life. 1. 2. An estimate of the expected productive life of an asset 3. Must be expensed when incurred The allocation of the cost of a natural resource to expense over its useful life. 4. 5. Can be identified only with a business as a whole. 6. A symbol that identifies a particular enterprise or product. 7. When book value of asset is greater than the proceeds received from its sale. 8. Examples are franchises and copyrights. 9. Indicates how efficiently a company is able to generate sales with its assets