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Problem Solving Survival Guide to accompany Financial Accounting, 8th Edition by Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt

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SOLUTION TO EXERCISE 9-11

  1. Capital expenditures
  2. Revenue expenditures
  3. Salvage value
  4. Plant assets
  5. Additions and improvements
  6. Depreciation
  7. Depreciable cost
  8. Straight-line method
  9. Accelerated-depreciation method
  10. Declining-balance method
  11. Units-of-activity method
  12. Ordinary repairs
  13. Intangible assets
  14. Copyright
  15. Goodwill
  16. Patent
  17. Trademark (trade name)
  18. Franchise (license)
  19. Amortization
  20. Research and development (R & D) costs
  21. Natural resources
  22. Depletion
  23. Useful life
  24. Licenses
  25. Asset turnover ratio
  26. Going concern assumption
  27. Materiality principle

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