Matching Questions 159. Match each of the following terms with the appropriate definitions. a. Depletionb. Bettermentc. Ordinary repairsd. Units-of production methode. Intangible assetsf....

____ 1.

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

____ 2.

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

____ 3.

An expenditure that makes a plant asset more efficient or productive.

____ 4.

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

____ 5.

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

____ 6.

The process of allocating the cost of a natural resource to the period when it are consumed.

____ 7.

A measure of a company’s effectiveness in using its assets to generate sales.

____ 8.

The process of systematically allocating the cost of an intangible asset to expense over its estimated useful life.

____ 9.

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

____10.

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