Word Scramble for...
If you have difficulty answering the following questions, learn more about this topic by reading our Explanation of Depreciation.
|1.||Depreciation achieves this principle.||TAGNCIMH||MATCHING|
|2.||Another name for book value is _________ value.||RARNGIYC||CARRYING|
|3.||When an asset is depreciated using the _____________-line method, the annual depreciation expense will be the same amount in most years.||TATSGIRH||STRAIGHT|
|4.||______________ Depreciation is the balance sheet account.||LTUCDEUCAMA||ACCUMULATED|
|5.||This type of depreciation results in more depreciation in an asset's earlier years and less in its later years.||TRCEAEAECDL||ACCELERATED|
|6.||Depreciation is an ___________ process not a valuation process.||NOLICAOALT||ALLOCATION|
|7.||This long-term asset is not depreciated.||NADL||LAND|
|8.||An asset's cost minus its accumulated depreciation is its book ________.||ALEUV||VALUE|
|9.||Depreciation for income tax reporting can be different from depreciation for ____________ reporting.||IAFCLINNA||FINANCIAL|
|10.||Another term for residual value or scrap value is _________ value.||AVASLEG||SALVAGE|
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