"Glencoe Accounting: Real-World Applications & Connections," Vocabulary from Chapter 23

This list focuses on plant assets and depreciation (Unit 5, Chapter 23).

Here are links to all the chapters of Unit 5, Accounting for Special Procedures: Chapter 22, Chapter 23, Chapter 24, Chapter 25, Chapter 26

Here are links to all the units of the first-year accounting textbook published by McGraw-Hill: Unit 1, Unit 2, Unit 3, Unit 4, Unit 5, Unit 6, Appendixes
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Full list of words from this list:

words only definitions & notes
  1. assets
    anything of material value owned by a person or company
  2. depreciation
    decrease in value of an asset due to obsolescence or use
  3. disposal
    the act or means of getting rid of something
  4. value
    a numerical quantity measured or assigned or computed
  5. accumulate
    collect or gather
  6. consume
    use up, as resources or materials
  7. consumer
    a person who uses goods or services
  8. consumption
    the utilization of economic goods to satisfy needs
  9. original
    preceding all others in time
  10. partial
    being or affecting only a segment
  11. estimate
    an approximate calculation of quantity or degree or worth
  12. service
    employment in or work for another
  13. productive
    having the ability to create or originate
  14. accelerate
    move faster
  15. decline
    grow smaller
  16. recovery
    the act of regaining or saving something lost
  17. equipment
    an instrumentality needed for an undertaking
Created on Wed Oct 19 17:21:33 EDT 2016 (updated Fri Oct 21 17:33:46 EDT 2016)

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