Give the owner the exclusive right to reproduce and sell artistic or published work.
What is a copyright?
100
The amount of sales generated by each dollar invested in assets
What is the asset turnover ratio?
200
The cost of this capital asset consists of the cash purchase price, freight charges, and any other expenditures to assemble, install, and test the unit
What is equipment?
200
Cost - Residual Value
What is amortizable cost?
200
Cost, Useful Life, Residual Value
What are the three factors of amortization?
200
Permits the enterprise to use public property in performing its service
What is a licence?
200
Natural resources are commonly grouped under this heading in financial statements.
What is property, plant, and equipment?
300
A group of capital assets purchased for a single price
What is a basket purchase?
300
Net Income / Average Total Assets
What is Return on Assets?
300
Useful life is expressed as the total quantity of activity or production expected from the asset, rather than as a time period
What is the units-of-activity method?
300
The value of all favorable attributes that relate to a business enterprise.
What is goodwill?
300
Shows the profitability of assets used in the earning process
What is Return on Assets?
400
The cash or cash equivalent price paid for a resource and the preparation for its intended use
What is acquisition cost?
400
Asset Turnover Ratio
What is Net Sales divided by Average Total Assets?
400
Using this method, a company will have higher amortization expense and lower income in early years
What is the declining balance method?
400
Annual payments proportionate with sales, that are sometimes required under a franchise agreement.
What are royalties?
400
The amortization methods used by a company are often described in this part of their financial statements?
What are notes to the financial statements?
500
This cost is estimated in advance and allocated over the useful life of the natural resource
What are future removal and site restoration costs?
500
Amortizable Cost per Unit
What is amortizable cost divided by Total Units of Activity
500
The maximum amortization rates allowed by the CCRA for different classes of assets
What is Capital Cost Allowance?
500
A long term prepaid expense which is treated as an asset on the balance sheet and is shown on it until it is actually used.
What is a deferred charge?
500
Usually the largest intangible asset that appears on a company's balance sheet