Financial and Management Accounting

1: Match List I with List II and select correct answer using the codes given below:    List-l                            List-ll a. Depreciation          I. Loss of usefulness arising from factors such as technological changes, improvement in                                          production methods, change in market demand for the product etc. b. Depletion               II. Process of writing down the longterm investments in intangibles such as lease                                          holds, patents, copyrights, trade marks etc. c. Amortization          Ill. Process of measuring and recording the exhaustion of natural resources such as ore                                                        deposits, oil wells, timber stands, quarries, etc. d. Obsolescence      IV. Accounting process of converting the cost of fixed assets to expense