| A | B |
|---|
| depletion | transferring cost of natural resource to expense |
| depreciation | process of transferring the cost of an asset to expense |
| amortization | process of transferring the cost of an intangible asset to expense |
| straight line ddepreciation | most widely used depreciation method |
| salvage value | expected market value of a fully depreciated asset |
| book value | cost-accumulated depreciation |
| historical cost | what you paid for an asset |
| intangible asset | trademark or copyright |
| estimated useful life | how long a company will use an asset |
| tangible asset | asset that has a physical presence |
| franchise | exclusive right to sell products or perform services |
| goodwill | value attributable to favorable factors such as reputation, location and superior products |
