The writing module

III. Writing exercises:

Exercise 1. Complete the sentences with the suggested words: disposal, current, allocation, recuperated, revenues

This process of cost ______ has little or no direct relationship to the market value or ______ selling price of the asset, it is simply the recognition that a portion of the asset's cost--the portion that will never be _______ through re-sale or ______ of the asset--was "used up" in the generation of _______ for that time period.

Exercise 2. Compose a story on one of the topics (up to 100 words):

“Depreciation in accounting”

“Depreciation in economics”

Keys

Lesson 1

Reading exercises

Ex.3 – 1b, 2d, 3a, 4c.

Ex.4 – events, alter.

Speaking exercises

Ex.2

1) What processes in a company occur simultaneously?

2) What are factors describing the production process?

3) Who has deliberated the phenomenon of productivity, measurement of productivity, distribution of productivity gains, and how to measure such gains?

Writing exercises

Ex.1 – distribution, calculation, need, separately, logic.

Lesson 2

Reading exercises

Ex.3 – 1b, 2d, 3a, 4c.

Ex.4 – inputs, reduce.

Speaking exercises

Ex.2

1) What factors determine a nation's success in improving productivity?

2) What might a change in technology allow a firm?

3) Can a comfortable employee produce more than a counterpart who struggles through the day?

Writing exercises

Ex.1 – price, efficiency, relative, increase, reflect.

Lesson 3

Reading exercises

Ex.3 – 1c, 2d, 3a, 4b.

Ex.4 – made up, access.

Speaking exercises

Ex.2

1) What is defined as everything in the universe that is not created by human beings?

2) What does labor use to produce wealth?

3) What do the returns, or payments, to capital and labor move naturally toward?

Writing exercises

Ex.1 – develops, higher, making, shortage, drawn.

Lesson 4

Reading exercises

Ex.3 – 1d, 2c, 3b, 4a.

Ex.4 – adds, adjusted.

Speaking exercises

Ex.2

1) Is land included in fixed capital?

2) What may the depreciation write-off permitted for tax purposes diverge from?

3) What is a business executive who invests in or accumulates fixed capital tying up money in?

Writing exercises

Ex.1 – acknowledged, obtain, fixed, owner, assets.

Lesson 5

Reading exercises

Ex.3 – 1b, 2a, 3d, 4c.

Ex.4 – impact, within.

Speaking exercises

Ex.2

1) What is the source from which competitive advantage flows?

2) What legal intangibles are not recognized and what legal intangibles are recognized?

3) What is an impairment loss determined by?

Writing exercises

Ex.1 – intangible, lives, copyrights, indefinite, for.

Lesson 6

Reading exercises

Ex.3 – 1b, 2a, 3d, 4c.

Ex.4 – depends, valuation.

Speaking exercises

Ex.2

1) What values is output measured in?

2) What will happen if demand weakens?

3) What do many industries in the developed capitalist economies suffer from?

Writing exercises

Ex.1 – definition, which, represents, amount, stock.

Lesson 7

Reading exercises

Ex.3 – 1b, 2c, 3d, 4a.

Ex.4 – employers, wages.

Speaking exercises

Ex.2

1) What are changes in the labour force due to?

2) What does structural unemployment reflect?

3) How can labour economics generally be seen?

Writing exercises

Ex.1 – participation, force, adult, population, age.

Lesson 8

Reading exercises

Ex.3 – 1b, 2a, 3d, 4c.

Ex.4 – pursue, lacks.

Speaking exercises

Ex.2

1) What are basic plans frequently used for?

2) What can a strategic plan provide?

3) Why do entrepreneurs and business managers often lose sight of their ultimate objectives?

Writing exercises

Ex.1 – mind, careful, development, completed, should.

Lesson 9

Reading exercises

Ex.3 – 1c, 2a, 3d, 4b.

Ex.4 – estimate, revenues.

Speaking exercises

Ex.2

1) When is budgeting accuracy improved?

2) What must financial planners determine?

3) What can these budgets be combined into?

Writing exercises

Ex.1 – improved, shorter, addition, throughout, covered.

Lesson 10

Reading exercises

Ex.3 – 1d, 2c, 3a, 4b.

Ex.4 – affect, reduce,

Speaking exercises

Ex.2

1) What depreciation will affect the cash flow of the company?

2) What is depreciation in economics?

3) What does the use of depreciation affect?

Writing exercises

Ex.1 – allocation, current, recuperated, disposal, revenues,

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