Accounting 1 (ACCT101) – Chapter 14 Vocab (17 Terms) | Depreciation, Dividends, Assets

This document presents 17 essential vocabulary terms from Chapter 14 of Accounting 1 (ACCT101), each defined clearly and accurately for academic use. The terms focus on core accounting topics including depreciation (such as the straight-line method), treatment of uncollectible accounts using the allowance method, calculation of book value for assets, dividend declaration procedures, and classifications of current and plant assets. This vocabulary list is particularly useful for students enrolled in: Introductory Accounting Business Administration Finance and Economics MBA Preparatory Programs It also supports high school students in advanced placement or dual-enrollment accounting classes, as well as professionals needing a refresher on foundational concepts. The content is ideal for exam review, assignment reference, and reinforcing classroom learning. Keywords: accumulated depreciation, allowance method, board of directors, book value, accounts receivable, current assets, declaring dividends, depreciation expense, dividends, estimated salvage value, merchandise inventory, plant assets, retained earnings, straight-line depreciation, uncollectible accounts, contra account, fiscal period