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Definition
| A method of depreciation that allocates relatively large amounts of the depreciateble cost of an asset to earlier years and smaller amounts to later years. |
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Term
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Definition
| Enlargements to the physical layout of a plant asset. |
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Term
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Definition
| Enlargements to the physical layout of a plant asset. |
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Term
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Definition
| Loss of revenue-generating potential of a long-lived asset before the end of its useful life; the difference between an asset's carrying value and its fair value, as measured by the present value of the expected cash flows. |
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Definition
| Improvements that do not add to the physical layout of a plant asset. |
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Term
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Definition
| A registered name that can be used only by its owner to identify a product or service. |
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Term
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Definition
| An expenditure for the purchase or expansion of a long-term asset, which is recorded in an asset account. |
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Term
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Definition
| The unexpired part of an asset's cost. Also called book value. |
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Term
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Definition
| An exclusive right granted by the federal government to reproduce and sell literary, musical, and other artistic materials and computer programs for a period of the author's life plus 70 years. |
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Term
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Definition
| A list of customers or subscribers. |
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Term
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Definition
| An accelerated method of depreciation in which depreciation is comptued by applying a fixed rate to the carrying value (the decling balance) of a tagible long-lived asset. |
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Term
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Definition
| The exhaustion of a natural resource through mining, cutting, pumping, or other extration, and the way in which the cost is allocated. |
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Term
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Definition
| The cost of an asset less its residual value. |
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Term
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Definition
| The periodic allocation of the cost of a tangible long-lived asset (other than land and natural resources) over its estimated useful life. |
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Term
| Double-declining-balance method |
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Definition
| An accelerated method of depreciation in which a fixed rate equal to twice the straight-line percentage is applied to the carrying value (the declining balance) of a tangible long-lived asset. |
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Term
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Definition
| The total number of service units expected from a long-term asset. |
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Term
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Definition
| A payment or an obligation to make future payment for an asset or a service. |
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Term
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Definition
| Repairs that significantly enhance a plant asset's extimated useful life or residual value and thereby increase its carrying value. |
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Term
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Definition
| The right to an exclusive territory or market. |
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Term
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Definition
| Amount of cash that remains after deducting the funds a company must commit to continue operating at its planned level; Net Cash Flows from Operating Activites - Dividends - (Purchase of Plant Assets - Sales of Plant Assets). |
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Definition
| A method of accounting for the costs of exploring and developing oil and gas resources in which all costs are recorded as assets and depleted over the estimated life of the producing resrouces. |
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Term
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Definition
| The excess of the amount paid for a business over the fair market value of the business's net assets. |
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Term
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Definition
| The grouping of similar items to calculate depreciation. |
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Term
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Definition
| Long-term assets with no physical substance whose value is based on rights or advantages accruing to the owner. |
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Term
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Definition
| A right to occupy land or building under a long-term rental contract. |
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Term
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Definition
| Improvements to leased property that become the property of the lessor at the end of the lease. |
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Term
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Definition
| The right to use a formula, technique, process, or design. |
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Term
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Definition
| Assets that have a useful life of more than one year, are used in the operation of a business, and are not intended for resale. Less commonly called fixed assets. |
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Term
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Definition
| Long-term assets purchased for the economic value that can be taken from the land and used up. |
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Term
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Definition
| A contract limiting the rights of others to compete in a specific industry or line of business for a specified period. |
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Term
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Definition
| The process of becoming out of date, which is a factor in the limited useful life of tangible assets. |
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Term
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Definition
| An exlusive right granted by the federal government for a period of 20 years to make a particular product or use a specific process. |
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Term
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Definition
| A decline in the useful life of a depreciable asset resulting from use and from exposure to the elements. |
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Term
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Definition
| A method of depriciation that assumes depreciation is solely the result of use and that allocates depreciation based on the units of use or output during each period of an asset's useful life. |
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Term
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Definition
| The estimated net scrap, salvage, or trade-in value of a tangible asset at the estimated date of its disposal. Also called salvage value or disposal value. |
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Term
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Definition
| An expenditure for ordinary repairs and maintenance of a long-term asset, which is recorded by a debit to an expense account. |
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Term
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Definition
| Capitalized costs associated with computer programs developed for sale, lease, or internal use and amortized over the estimated economic life of the programs. |
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Term
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Definition
| A method of depreciation that assumes depreciation depends only on the passage of time and that allocates an equal amount of depreciation to each accounting period in a asset's useful life. |
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Term
| Successful efforts accounting |
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Definition
| A method of accounting for the costs of exploring and developing oil and gas resouces in which successful exploration is recorded as an asset and depleted over the estimated life of the resource and all unsuccessful efforts are immediatedly written of as losses. |
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Term
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Definition
| Long-term assets that have physical substance. |
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Term
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Definition
| A registered symbol that can be used only by its owner to identify a product or service. |
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