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Chapter 8b - Fill in the blanks

Fill in all the gaps, then press "Check" to check your answers. Use the "Hint" button to get a free letter if an answer is giving you trouble. You can also click on the "[?]" button to get a clue. Note that you will lose points if you ask for hints or clues!

1. Resources controlled by an enterprise, and from which future economic benefits are expected to flow, are known as .

2. Fixed assets that are non-monetary in nature and have a physical form are known as .

3. An estimate of the net proceeds from the sale of a fixed asset on disposal is known as the .

4. The systematic allocation of the cost or revalued amount of a tangible fixed asset (minus any residual value) over its useful economic life is known as .

5. The remaining portion of the cost of the tangible fixed asset after the cumulative depreciation has been deducted is known as the .

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