a. Match each of the principles and phases in the development of an accounting system with the statement that best describes them. Depreciation b. Depletion а. с. Amortization d. Plant Assets Intangible Assets Natural Resources е. f. 1. The allocation of cost to expense in rational manner for intangible assets Resources that have physical assets and used in operations The allocation of cost to expense in rational manner for natural resources The allocation of cost to expense in rational manner for plant assets Timber and underground deposits of oil, gas and minerals Rights, privileges, and competitive advantages, do not possess physical 2. 3. 4. 5. 6. substance 7. Building, machines, computer, storage are example of.... Straight line method, double-declining balance are some methods used to 8. calculate....
a. Match each of the principles and phases in the development of an accounting system with the statement that best describes them. Depreciation b. Depletion а. с. Amortization d. Plant Assets Intangible Assets Natural Resources е. f. 1. The allocation of cost to expense in rational manner for intangible assets Resources that have physical assets and used in operations The allocation of cost to expense in rational manner for natural resources The allocation of cost to expense in rational manner for plant assets Timber and underground deposits of oil, gas and minerals Rights, privileges, and competitive advantages, do not possess physical 2. 3. 4. 5. 6. substance 7. Building, machines, computer, storage are example of.... Straight line method, double-declining balance are some methods used to 8. calculate....
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:a. Match each of the principles and phases in the development of an accounting system with the
statement that best describes them.
а.
Depreciation
b.
Depletion
с.
Amortization
d.
Plant Assets
Intangible Assets
Natural Resources
е.
f.
1.
The allocation of cost to expense in rational manner for intangible assets
Resources that have physical assets and used in operations
The allocation of cost to expense in rational manner for natural resources
2.
3.
4.
The allocation of cost to expense in rational manner for plant assets
Timber and underground deposits of oil, gas and minerals
Rights, privileges, and competitive advantages, do not possess physical
5.
6.
substance
Building, machines, computer, storage are example of....
Straight line method, double-declining balance are some methods used to
7.
8.
calculate....
b. Explain the difference between patents, copyrights, and trademarks! Give two examples for each.
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