139. Match each of the following terms with the appropriate definitions.
1. Change in accounting estimate
The amount by which the company's value exceeds the value of its individual assets and liabilities.
An expenditure reported on the current income statement as an expense because it does not provide a material benefit in future periods.
3. Total asset turnover
An expenditure to make a plant asset more efficient or productive.
4. Intangible assets
A method that yields larger depreciation expense during the early years of an asset's life and smaller expense in the later years.
5. Ordinary repairs
Expenditures made to keep a plant asset in normal, good operating condition.
The process of allocating the cost of natural resources to periods when they are consumed.
7. Accelerated depreciation
A measure of a company's ability to use its assets to generate sales.
8. Units-of production method
A change in a financial statement amount that results from new information, subsequent developments, better insight, or improved judgment.
9. Revenue expenditure
A depreciation method that charges a varying amount to expense for each period of an asset's useful life depending on its usage.
Certain nonphysical assets used in operations that confer on their owners long-term rights, privileges, or competitive advantages.