Daniel’s Print Shop purchased a new printer for $35,000. Each year it depreciates at a rate of 5%. How much will the printer be worth in 8 years?

The tax rate used to calculate property taxes.

An accounting form on which a business records information about each plant asset.

Ashley's parents bought a house in 2009 for $118,000. The home's value increases at a rate of 9% annually. How much will the house be worth in 2018? In 2020?

Your shiny new boat cost $7650. The depreciation for your boat is 14% per year. Estimate the value of your vehicle in 3 years. What is the equation that models this problem?

The original cost of a plant asset minus accumulated depreciation.

A method that recognizes a full year's depreciation if the asset is acquired in the first half of the year.

The value of an asset determined by tax authorities for the purpose of calculating taxes.

All property not classified as real property.

The decrease in the value of a plant asset because of the removal of a natural resource.

Land and anything attached to it; also called real estate.

Salem has a population of 15,000 and depreciates at a rate of 8% per year. What is the exponential equation?

The amount that will be received for an asset at the time of its disposal.

Which fixed asset is LEAST likely to lose its value over time?

Which of these produces higher amounts of depreciation expense in the early years of the life of an asset?

A depreciation method required by the Internal Revenue Service to be used for income tax calculation purposes for most plant assets.

What type of asset is a bulldozer?

A method that recognizes one half of a year's depreciation in the year of acquisition.

Revenue that results when a plant asset is sold for more than book value.

The loss of an asset's value is...

Calculating the estimated annual depreciation expense based on the amount of production expected from a plant asset.

The only long-term asset that does not depreciate is:

A population of fish starts at 8,000 and decreases by 6% per year. What is the population of fish after 10 years?

Because of land’s permanent nature, it is not subject to depreciation.

A milling machine was bought for $200,000 and has accumulated depreciation of $65,000. On February 20th, the company disposed of the machine receiving nothing in return. How would you record the loss on the disposal of the milling machine?

Suppose a culture of bacteria begins with 5000 cells and dies by 30% each year. Write an equation that represents this situation.

The original cost of a plant asset minus accumulated depreciation. (p. 451)

Cash and other assets expected to be exchanged for cash or consumed within a year.

The loss that results when a plant asset is sold for less than book value.

Recording an equal amount of depreciation expense for a plant asset in each year of its useful life.