Term
| Accelerated-Depreciation Method |
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Definition
| Depreciation method that produces higher deprecation expense in the early years than in later years. |
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Term
| Additions and Improvements |
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Definition
| Cost incurred to increase the operating efficiency, productive capacity, or useful life of a plant asset. |
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Definition
| The allocation of the cost of an intangible asset to expense over its useful life in a systematic and rational manner. |
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Definition
| A measure of how efficiently a company uses its assets to generate sales, calculated as net sales divided by average total assets. |
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Definition
| Expenditures that increase the company's investment in productive facilities. |
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Definition
| Exclusive grant from the federal government that allows the owner to reproduce and sell an artistic or published work. |
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Definition
| 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 expense over the useful life of the asset. |
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Definition
| The allocation of the cost of a natural resource to expense in a rational and systematic manner over the resources useful life. |
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Definition
| The process of allocating to expense the cost of a plant asset over is useful life in a rational and systematic manner. |
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Definition
| The cost of a plant asset less its salvage value. |
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Definition
| A contractual arrangement under which the franchisor grants the franchisee the right to sell certain products, provide specific services or use certain trademarks or trade names. Usually within a designated geographical area. |
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Definition
| States that the company will continue in operation for the foreseeable future. |
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Definition
| The value of all favorable attributes that relate to a business enterprise. |
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Definition
| Rights, priviledges, and competitive advantages that result from the ownership of long-lived assets that do not posses physical substance. |
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Definition
| Operating rights to use public property, granted to a business enterprise by a government agency. |
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Term
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Definition
| If an item would not make a difference in decision making, a company does not have to follow GAAP in reporting it. |
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Definition
| Expenditures to maintain the operating efficiency and productive life of the unit. |
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Definition
| An exclusive right issued by the U.S. Patent Office that enables the recipient to manufacture, sell, or otherwise, control an invention for a period of 20 years from the date of the grant. |
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Definition
| Tangible resources that are used in the operations of the business and are not intended for sale to customers. |
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Term
| Research and Development Costs |
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Definition
| Expenditures that may lead to patents, copyrights, new processes or new products. |
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Definition
| Expenditures that are immediately charged against revenues as an expense. |
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Term
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Definition
| An estimate of an asset's value at the end of its useful life. |
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Term
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Definition
| Depreciation method in which periodic deprecation is the same for each year of the asset's useful life. |
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Term
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Definition
| A word, phrase, jingle, or symbol that identifies a particular enterprise or product. |
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Term
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Definition
| Depreciation method in which useful life is expressed in terms of total units of production or use expected from an asset. |
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Definition
| An estimate of the expected productive life. |
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