Listed below are several terms and phrases associated with operational assets. Pair each item from List A (by letter) with the item from List B that is most appropriately associated with it. List A List B _____ 1. Depreciation _____ 2. Goodwill _____ 3. Amortization _____ 4. Natural resources _____ 5. Intangible assets _____ 6. Copyright _____ 7. Trademark a. Exclusive right to display a word, a symbol, or anemblem.b. Exclusive right to benefit from a creative work.c. Assets that represent contractual rights.d. Oil and gas deposits, timber tracts, and mineraldeposits.e. Purchase price less fair value of net identifiableassets.f. The allocation of cost for plant and equipment.g. The allocation of cost for intangible assets.
Listed below are several terms and phrases associated with operational assets. Pair each item from List A (by letter) with the item from List B that is most appropriately associated with it. List A List B _____ 1. Depreciation _____ 2. Goodwill _____ 3. Amortization _____ 4. Natural resources _____ 5. Intangible assets _____ 6. Copyright _____ 7. Trademark a. Exclusive right to display a word, a symbol, or anemblem.b. Exclusive right to benefit from a creative work.c. Assets that represent contractual rights.d. Oil and gas deposits, timber tracts, and mineraldeposits.e. Purchase price less fair value of net identifiableassets.f. The allocation of cost for plant and equipment.g. The allocation of cost for intangible assets.
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter7: Operating Assets
Section: Chapter Questions
Problem 29BE
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Listed below are several terms and phrases associated with operational assets. Pair each item from List A (by letter) with the item from List B that is most appropriately associated with it.
| List A | List B |
|
_____ 1. _____ 2. _____ 3. Amortization _____ 4. Natural resources _____ 5. Intangible assets _____ 6. Copyright _____ 7. Trademark |
a. Exclusive right to display a word, a symbol, or an emblem. b. Exclusive right to benefit from a creative work. c. Assets that represent contractual rights. d. Oil and gas deposits, timber tracts, and mineral deposits. e. Purchase price less fair value of net identifiable assets. f. The allocation of cost for plant and equipment. g. The allocation of cost for intangible assets. |
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