Chapter9terms

Chapter9terms - Accelerated-depreciation method...

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Accelerated-depreciation method Depreciation method that produces higher depreciation expense in the early years than in the later years. Additions and improvements Costs incurred to increase the operating efficiency, productive capacity, or useful life of a plant asset. Amortization The allocation of the cost of an intangible asset to expense over its useful life in a systematic and rational manner. Asset turnover ratio A measure of how efficiently a company uses its assets to generate sales; calculated as net sales divided by average total assets. Capital expenditures Expenditures that increase the company's investment in productive facilities. Copyright Exclusive grant from the federal government that allows the owner to reproduce and sell an artistic or published work. Declining-balance method Depreciation method that applies a constant rate to the declining book value of the asset and produces a decreasing annual depreciation expense over the useful life of the asset. Depletion
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This note was uploaded on 10/21/2011 for the course ACCT 272 taught by Professor Mensah during the Fall '08 term at Rutgers.

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Chapter9terms - Accelerated-depreciation method...

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