If no legal, regulatory, contractual, cempetative, economic, or other factors limit the life of an intangible asset's assigned value is allocated to expense over which of the following? A. Equally over 20 years. B. Equally over 40 years. C. Equally over 20 years with an annual impairment review. D. No amortization, but annually reviewed for impairment and adjusted accordingly. E. No amortization over an indefinite period of time.
If no legal, regulatory, contractual, cempetative, economic, or other factors limit the life of an intangible asset's assigned value is allocated to expense over which of the following? A. Equally over 20 years. B. Equally over 40 years. C. Equally over 20 years with an annual impairment review. D. No amortization, but annually reviewed for impairment and adjusted accordingly. E. No amortization over an indefinite period of time.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter12: Intangibles
Section: Chapter Questions
Problem 1MC: What is the proper time or time period over which to amortize an intangible asset if there is no...
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If no legal, regulatory, contractual, cempetative, economic, or other factors limit the life of an intangible asset's assigned value is allocated to expense over which of the following?
A. Equally over 20 years.
B. Equally over 40 years.
C. Equally over 20 years with an annual impairment review.
D. No amortization, but annually reviewed for impairment and adjusted accordingly.
E. No amortization over an indefinite period of time.
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