Save
Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't know
Remaining cards (0)
Know
0:00
share
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

ACCTG211(SP11-WC) #4

Chapter 4

QuestionAnswer
A way to allocate the total cost paid for several long-term assets purchased together; each asset’s assigned cost is equal to the product of the total cost and the asset’s percentage of the total market value of the assets Relative Fair Market Value Method
Rights, privileges, or benefits that result from owning long-lived assets that lack physical substance e.g., patents, trademarks, copyrights Intangible Assets
Assets with physical substance; can be seen and touched e.g., buildings, equipment, land Tangible Assets
Useful life is expressed as the total units of activity or production expected from an asset; the asset is written off in proportion to its activity during an accounting period Depreciation Method: Activity or Units or Production
An equal amount of depreciation expense is recognized in each accounting period of an asset’s life Depreciation Method: Straight-Line
The amortization of a natural resource Depletion
Cost that is recorded as an asset at the time it is incurred Capital Expenditure
The price at which an asset could be exchanged in the market between willing buyers and sellers Market Value
The write-off (or expensing) of the cost of a long-term asset over multiple accounting periods; usually relates to intangible assets Amortization
To record a cost as an asset rather than an expense Capitalize
The difference between the proceeds from the sale of a long-term asset and the book value at the time of the sale; positive differences are gains, negative differences are losses Gains and Losses
An accelerated method of depreciation in which depreciation expense is based on a percentage of the asset’s book value; depreciation expense is higher in the early part of an asset’s life and lower in the later part of an asset’s life Depreciation Method: Double Declining Balance
Created by: jlb89
 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards