Fill in the Blank Questions
187. The three main factors in computing depreciation are: (1) ____________________, (2) ____________________, (3) ___________________.
188. _____________________ is an estimate of an asset's value at the end of its useful life.
189. The _____________________ principle requires that companies report the amount of accumulated depreciation on plant assets as well as the depreciation methods used to determine the annual depreciation expense.
190. Revising estimates of the useful life or salvage value of a plant asset is referred to as a ____________________________________________.
191. The formula for calculating total asset turnover is _______________________________________.
192. _______________________ depreciation recognizes equal amounts of annual depreciation over the life of an asset.
193. ______________________ depreciation charges a varying amount to expense for each period of an asset's useful life depending on its usage.
194. _____________________ depreciation uses a depreciation rate that is a multiple of the straight-line rate and applies it to an asset's beginning-of-period book value.
195. _______________________ are expenditures that extend an asset's useful life beyond its original estimate.
196. ___________________ are additional costs of plant assets that do not materially increase the asset's life or productive capabilities.
197. _________________________ are capital expenditures that make a plant asset more productive; they often involve adding a component to an asset or replacing one of its old components with a better one and do not always increase an asset's life.
198. The three usual means for disposal of an asset are: _________________________________________________________.
199. The process of allocating the cost of a natural resource to the period when it is consumed is called _____________________.
200. ______________ is the process of systematically allocating the cost of an intangible asset to expense over its estimated useful life.