KEY TERMS UNIT 4 CHAPTER 10

KEY TERMS UNIT 4 CHAPTER 10 - Vocabulary Words UNIT 4...

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Vocabulary Words UNIT 4 – Chapter 10: Accelerated depreciation method 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. Amortization The periodic transfer of the cost of an intangible asset to expense. Book value The cost of a fixed asset minus accumulated depreciation on the asset. Boot The amount a buyer owes a seller when a fixed asset is traded in on a similar asset. Capital expenditures The costs of acquiring fixed assets, adding to a fixed asset, improving a fixed asset, or extending a fixed asset's useful life. Capital leases Leases that include one or more provisions that result in treating the leased assets as purchased assets in the accounts. Copyright An exclusive right to publish and sell a literary, artistic, or musical composition. Depletion The process of transferring the cost of natural resources to an expense account. Depreciation
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KEY TERMS UNIT 4 CHAPTER 10 - Vocabulary Words UNIT 4...

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