10 Match the the term with its definition. Activity Method | Choose] [Choos Time Elapsed: Hide Time Attempt due: May 12 at 11:59pm 3 Minutes, 39 Seconds Composite Approach Depreciation Depreciable Cost The amount an asset is expected to be sold for at the end of its useful life. Correct Answer A depreciation method that uses a fraction when calculating depreciation expense. Correct Answer Occurs when the expected future cash flows of an asset becomes less than the carrying value of the asset. Correct Answer Depreciation method that initially ignores salvage value in the calculation of depreciation expense. Depreciation is calculated on the carrying value of the asset. Correct Ans A method of allocating the cost of a long term asset over the length of time that asset generates revenue. Correct Answer Depreciation method that focuses on asset usage instead of length of time Correct Answer A depreciation method where depreciation expense remains constant from year to year. Correct Answer Depreciaton method that is used when multiple assets that are dissimilar and have different lives are depreciated together. Correct Answer Depreciaton method that is used when multiple assets that are similar and have the same useful lives are depreciated together. Correct Answer The cost of an asset less it's salvage value. Correct Answer Double-Declining Balance Method Group Method Impairment Salvage Value Straight-line Method [Choose ] [Choose ] Choose Choose | [Choose ] Sum-of-the-years- Digits Method Choose > > < 5:38 PM 465