A Change in the Amortization Rate for an Intangible Asset

question 67

Multiple Choice

A change in the amortization rate for an intangible asset should be accounted for as a

• A) change in accounting principle.
• B) change in reporting entity.
• C) correction of an error.
• D) change in accounting estimate.

---

Definitions:

Extensive Form

A representation of a game that shows the sequence of moves, their possible outcomes, and payoffs for each player.

Strategic Form

Strategic form, often referred to in game theory, is a representation of a game that summarizes the strategies and their respective payoffs for all players.

Credible Threats

A concept in game theory where a threat made by one party to another is believable and likely to be executed if conditions are not met.

Repeated Game

A strategic scenario where the same game (decision-making situation) is played multiple times, allowing for strategy revisions based on past outcomes.