Which of the Following Methods of Amortization Is a Company

question 22

Multiple Choice

Which of the following methods of amortization is a company most likely to use for financial statement purposes if it purchases a patent?

• A)Capital cost allowance
• B)Double-declining-balance
• C)Units-of-activity
• D)Straight-line

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Definitions:

Font

A design for a set of characters including letters, numbers, and symbols, that provides a coherent style for text in printed material or displays.

Digital Signature

A digital signature is an electronic form of a signature that can securely associate a signer with a document in a recorded transaction.

Electronic Certificate

A digital document used to prove the ownership of a public key, including the identity of the certificate holder and is often used for secure communications.

Author

An individual who creates and writes various forms of content such as books, articles, or reports.