Which of the Following Methods of Amortization Is Normally Used

question 47

Multiple Choice

Which of the following methods of amortization is normally used for intangible assets?

• A)Capital cost allowance
• B)Straight-line
• C)Activity method
• D)Double declining-balance

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Definitions:

Fire Triangle

A model explaining the three elements needed for fire: heat, fuel, and an oxidizing agent.

Combustion

Combustion is a chemical reaction in which a fuel combines with oxygen, releasing heat and light, commonly observed in fires.

Oxygen Source

A material or device that releases oxygen, used in various applications such as medical oxygen supplies, water treatment, and as a reactant in chemical processes.

Incomplete Combustion

A reaction process where fuel burns in insufficient oxygen, producing carbon monoxide, soot, or carbon alongside water.