Term
| Accelerated depreciation method |
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Definition
| A depreciation method that provides for a higher depreciation amount in the first year of the asset’s use, followed by a gradually declining amount of depreciation. |
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Term
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Definition
| The periodic transfer of the cost of an intangible asset to expense. |
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Term
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Definition
| The cost of a fixed asset minus accumulated depreciation on the asset. |
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Term
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Definition
| The costs of acquiring fixed assets, adding a component, or replacing a component of fixed assets. |
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Term
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Definition
| An exclusive right to publish and sell a literary, artistic, or musical composition. |
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Term
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Definition
| The process of transferring the cost of natural resources to an expense account. |
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Term
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Definition
| The systematic periodic transfer of the cost of a fixed asset to an expense account during its expected useful life. |
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Term
| Double-declining-balance method |
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Definition
| A method of depreciation that provides periodic depreciation expense based on the declining book value of a fixed asset over its estimated life. |
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Term
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Definition
| Long-lived or relatively permanent tangible assets that are used in the normal business operations; sometimes called plant assets. |
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Term
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Definition
| An intangible asset of a business that is created from favorable factors such as location, product quality, reputation, and managerial skill, as verified from a merger transaction. |
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Term
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Definition
| Long-lived assets that are useful in the operations of a business, are not held for sale, and are without physical qualities. |
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Term
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Definition
| Exclusive rights to produce and sell goods with one or more unique features. |
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Term
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Definition
| The estimated value of a fixed asset at the end of its useful life. |
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Term
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Definition
| Costs that benefit only the current period or costs incurred for normal maintenance and repairs of fixed assets. |
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Term
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Definition
| A method of depreciation that provides for equal periodic depreciation expense over the estimated life of a fixed asset. |
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Term
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Definition
| A name, term, or symbol used to identify a business and its products. |
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