Which of the Following Methods Is Used to Amortize Intangible

question 4

Multiple Choice

Which of the following methods is used to amortize intangible assets over their useful lives?

• A)declining balance
• B)straight line
• C)annual review for impairment
• D)none of these since intangible assets are not amortized

---

Definitions:

Statute of Frauds

A legal principle requiring certain contracts to be in writing and signed by the party to be charged, to prevent fraud and perjuries.

Antiassignment Clause

A provision in a contract that restricts the transfer of rights or obligations to another party without prior approval.

Operation of Law

Changes in rights or duties that take place automatically under the law, without any action by the parties involved.

Monetary Payments

Transactions involving the transfer of money from one party to another as a form of compensation or settlement.