The world’s Largest Sharp Brain Virtual Experts Marketplace Just a click Away
Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 398 Weeks Ago, 5 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Identification of Long-Term Assets Terminology
P1. Common terms associated with long-term assets follow.
a.   Tangible assets                                                      g. Depreciation
b.   Natural resources                                                  h. Depletion
c.   Intangible assets                                                    i. Amortization
d.  Additions                                                              j. Revenue expenditure
e.   Betterments
f.    Extraordinary repair
ReQUIReD
1.   For each of the statements that follow, identify the term with which it is associated. (If two terms apply, choose the one that is most closely associated.)
1.  Periodic cost associated with intangible assets.
2.  Cost of constructing a new wing on a building.
3.  A group of assets encompassing property, plant, and equipment.
4.  Cost associated with enhancing a building but not expanding it.
5.  Periodic cost associated with tangible assets.
6.  A group of assets that gain their value from contracts or rights.
7.  Cost of normal repairs to a building.
Hel-----------lo -----------Sir-----------/Ma-----------dam----------- Â----------- -----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------acq-----------uis-----------iti-----------on -----------of -----------my -----------pos-----------ted----------- so-----------lut-----------ion-----------. P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll