Vocabulary test
Drag & drop: Fill in the missing expression. Use the following words and phrases:
- depreciation
- balance sheet
- market value
- assets
- fixed assets
- current assets
- intangible asset
- book value
- current liabilities
- long-term liability
- On the other hand, the of an item, not accounting for depreciation, is simple to calculate – it is exactly what you paid for it when you bought it new.
- Company cars, copy machines, and computers are all examples of .
- are anything of value or use, and can even include the employees themselves.
- If you buy a new car, you should begin to calculate as soon as you drive it home, because it is no longer technically a new car any more, and not as valuable as it was before you bought it.
- A business development loan with a ten-year repayment period is an example of a .
- The fact that consumers know and trust your products is an example of an .
- Bills from suppliers, government taxes, and unpaid overhead costs (rent, for example), are all good examples of .
- A company's bank accounts and stock portfolio represent its .
- A good way to get a good idea of a company's relative health is to examine the information available on its .
- The of an item depends on a variety of factors, such as the general state of the economy, where you decide to sell it, and who you try to sell it to, and will certainly vary from day to day.