All plant assets, including __________, depreciate in value.

The estimated value of a plant asset at its replacement time.

Long-lived assets that are used in the production or sale of other assets or services over several accounting periods.

A method of equally distributing the depreciation expense on a plant asset over its estimated useful life.

Allocating the cost of a plant asset over the asset's useful life.

The original cost of a plant asset less its accumulated depreciation.

The total amount of depreciation for a plant asset that has been recorded up to a specific point in time.

Either used up or converted to cash during a one-year accounting period.

The amount of depreciation taken for a plant asset is usually recorded in the accounting records at the beginning of the_____

Depreciation Expense is reported on the income statement in the ____

The cost of a plant asset is the price paid for the asset plus taxes, installation charges, and_________.

______ amounts are estimates of the decrease in value or usefulness of a plant asset over a period of time.

Accumulated Depreciation is reported on the balance sheet as

Depreciation Expense is recorded by an adjusting entry made in the _____.

The adjusting entry for depreciation affects two accounts for each type of plant asset: Depreciation Expense and _____.

Delivery equipment, Office equipment, buildings, and land are _______ because they are expected to produce benefits for the business for more than one year.

Accumulated Depreciation is classified as a _______account.

Current assets include cash, merchandise, equipment, and

The___________ value of a plant asset at the end of its useful life is its disposable value.