Problem

Following are a number of the key terms and concepts introduced in the chapter, along with...

Following are a number of the key terms and concepts introduced in the chapter, along with a list of corresponding definitions. Match the appropriate letter for the key term or concept to each definition provided (items 1–15). Note that not all key terms and concepts will be used.

a. Capitalize

k. Present value

b. Depletion

l. Discount rate

c. Net book value

m. Annuity

d. Depreciation

n. Intangible asset

e. Units-of-production depreciation

o. Leasehold

f. Straight-line depreciation

p. Patent

g. Declining-balance depreciation

q. Trademark

h. Modified Accelerated Cost Recovery System (MACRS)

r. Goodwill

i. Operating lease

s. Amortization

j. Capital lease

t. Leasehold improvement

 

u. Copyright

________ An intangible asset arising from the purchase of a business for more than the fair market value of the net assets acquired.

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