Chapter 4
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | Relative Fair Market Value Method
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| Rights, privileges, or benefits that result from owning long-lived assets that lack physical substance e.g., patents, trademarks, copyrights | show 🗑
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| show | Tangible Assets
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| show | Depreciation Method: Activity or Units or Production
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| show | Depreciation Method: Straight-Line
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| The amortization of a natural resource | show 🗑
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| show | Capital Expenditure
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| show | Market Value
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| show | Amortization
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| show | Capitalize
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| 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 | show 🗑
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| 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 | show 🗑
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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