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Select the term on the right that best matches the descriftion on the left. Terms...

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Accounting

Select the term on the right that best matches the descriftion on the left. Terms may be used
once, more than once, or not at all.
An accelerated method of depreciation.
When a company can use tax depreciation on audited
a. audit
financial statements.
b. book value
A CPA organizes financial information provided by
c. compilation
the company but does not express an opinion as to
whether the information materially conforms to
GAAP.
d. fair market value
e. historical cost
f. materiality
g. residual value
Depreciation method that yields the same amount of
depreciation each year.
h. salvage value
Undepreciated cost on the balance sheet.
i. straight-line
j. sum-of-the-years' digits
A company purchases a building and land for $500,000. The appraisal attribu
value (FMV) of 250,000 to the land and $350,000 to the buildin
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