Matching Questions 114. Match each of the following terms with the appropriate definitions. 1. Expenditures made to keep a plant asset in normal, good operating condition Betterment ...

1. Expenditures made to keep a plant asset in normal, good operating condition

Betterment

2. A measure of a company's ability to use its assets to generate sales

Ordinary repairs

3. A depreciation method that charges a varying amount to expense for each period of an asset's useful life depending on its usage

Units-of production method

4. A change in a financial statement amount that results from new information, subsequent developments, better insight or improved judgment

Goodwill

5. The amount by which the company's value exceeds the value of its individual assets and liabilities

Depletion

6. A method that yields larger depreciation expense during the early years of an asset's life and smaller expense in the later years

Change in accounting estimate

7. Certain nonphysical assets used in operations that confer on their owners long-term rights, privileges or competitive advantages

Revenue expenditure

8. An expenditure reported on the current income statement as an expense because it does not provide a material benefit in future periods

Intangible assets

9. The process of allocating the cost of natural resources to periods when they are consumed

Total asset turnover

10. An expenditure to make a plant asset more efficient or productive

Accelerated depreciation