QUESTION 1 Match the term with the correct definition Amortization Book Value Betterments Declining Balance Method Depletion Depreciation Intangible assets Natural Resources Ordinary repairs Plant assets Salvage value Straight-line depreciation Units-of-Production Lump-Sum Purchase Useful life A. An accelerated depreciation method. B. Original Cost - Accumulated Deprecition c. An estimate of an asset's value at the end of its useful life. D. Expenditures required to keep an asset in normal operating condition E. The process of spreading a plant asset over its useful life. F. Assets used to generate revenue, lacking in physical form and giving the company long-term rights or competitive advantages G. The process of spreading the cost of a natural resource over its useful life. H. The process of spreading the cost of an intangible asset over its useful life. 1. Assets that are physically consumed when used to generate revenue J. Expenditures that make a plant asset more efficient or productive. K. The length of time an asset will be used to help a business generate revenue. L. Assets used to generate revenue that have a tangible form and a useful life of more than one accounting period. M. Several plant assets purchased as a group in a single transaction for a single price. N. A depreciation method that varies the amount of depreciation expense depending on an asset's usage. o. A depreciation method that spreads an asset's cost evenly over its useful life