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Chapter16AP/10CLEP

Across
The allocation of the cost of a fixed asset to an expense account
Assets with no physical qualities
Costs that benefit only the current period
The cost of transferring natural resources to an expense
Cost minus accumulated depreciation
Provides the same amount of depreciation expense for each unit
An intangible asset created from favorable factors such as location, product quality, reputation
The amount still owed when exchanging a fixed asset
Another name for scrap value
Down
Costs that improve the asset or extend the life
The same amount of depreciation each year over the life of the asset
Amount given in an exchange of plant assets
The amount of cost to transfer to an expense when dealing with intangible assets
Assets of a relatively permanent nature
Exclusive right to benefit from a literary, artistic, or musical composition
Exclusive use of a name, term, or symbol
Exclusive right to benefit from an innovation