Balance Day Adjustments

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Across
  1. 1. The type of expense that has been incurred but not yet paid
  2. 4. The limited period of time that a non-current asset will exist (2 words)
  3. 5. The type of expense that has been paid but is yet to be consumed
  4. 6. Depreciation reduces the value of ________, as recorded in the balance sheet
  5. 8. The allocation of the cost of a non-current asset over its useful life
  6. 11. Depreciable __________ the value of a non-current asset which has been consumed in the current reporting period
Down
  1. 1. __________ depreciation is the value of a non-current asset that has ben consumed over it's life so far
  2. 2. __________ value is the value of a non-current asset that is yet to be consumed/allocated as an expense, plus any residual value
  3. 3. An expense that is the part of the cost of a non-current asset which has been consumed in the current reporting period
  4. 7. __________ cost is the value of the non-current asset purchased
  5. 9. Depreciation increases the value of ___________, as recorded in the income statement
  6. 10. Depreciable __________ is the total value of the asset that will be consumed