Bookkeeping Crozzword Puzzle

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Across
  1. 6. is the wear and tear of the asset due to action of the elements and the passage of time.
  2. 8. applies to the reduction of the usefulness of an asset caused by inadequacy of the asset.
  3. 12. may be acquired by purchase.
  4. 14. The balance of this account is a deduction to the cost of the asset in the balance sheet.
  5. 15. this includes taxes, shipping and preparation/setup expenses
  6. 18. This method is based on the assumption that the cause of depreciation is the physical use or the productive capacity of the asset.
  7. 19. purchases
  8. 20. The other terms for plant assets
Down
  1. 1. This method accelerate the recognition of depreciation.
  2. 2. determines the specific value of assets at certain stages in their development and production.
  3. 3. This represents how much of an asset's value has been used up.
  4. 4. The running balance of the subsidiary records are called book inventories.
  5. 5. This method of computing depreciation is based on the assumption that the reason or cause of the asset to depreciate is the passage of time.
  6. 7. its economic life or service life which may be in terms of time periods(years), working hours or units produced
  7. 9. items are kept to reflect the inflow (purchases) and outflow (sales) of each item.
  8. 10. are tangible assets which are permanent in nature.
  9. 11. focuses on physical count of the inventory
  10. 13. amount which is estimated to be realized from the asset when it is retired from use
  11. 16. sales
  12. 17. The running balance of the subsidiary records