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

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Definitions:

Blank Checks

Blank checks are checks that are not filled out, having no specified amount of money written on them, but signed and ready to be used for any amount.

Safeguarded

In the context of finance and accounting, safeguarded refers to measures or controls implemented to protect assets from loss, theft, or unauthorized use.

Cash Disbursements

The funds that are paid out by a business, typically documented in a cash disbursements journal.

Money Orders

A payment order for a pre-specified amount of money, often used as a safer alternative to cash or personal checks.