Which Amortization Method Should Be Used for Intangibles That Are

question 12

Multiple Choice

Which amortization method should be used for intangibles that are amortized?

• A)a method based on the expected pattern of benefits to be produced by the asset
• B)a method based on an annual review for impairment
• C)the straight-line method; all others are inappropriate
• D)any method is appropriate

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Definitions:

Head Lice

Parasitic insects that live on human scalps and feed on blood, causing itching and discomfort.

Logical Gap

A flaw or disconnect in an argument where the conclusion does not logically follow from the premises.

Implicit Premise

An underlying assumption that is not explicitly stated but is necessary for an argument's conclusion to be valid.

Implicit Premises

Unstated assumptions that are necessary for an argument to hold together logically, but are not explicitly mentioned.