Cost Allocation for an Intangible Asset Is Referred to as

question 79

Multiple Choice

Cost allocation for an intangible asset is referred to as

• A)amortization.
• B)depletion.
• C)accretion.
• D)capitalization.

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Definitions:

UCC

The Uniform Commercial Code, a set of laws that govern commercial transactions in the United States.

Negotiation

Negotiation is a process of discussion aimed at reaching an agreement where two or more parties with different needs and goals discuss an issue to find a mutually acceptable solution.

Holder

A person in possession of a document of title or an instrument payable or indorsed to him, his order, or to bearer.

Indorsement

The act of signing one's name on the back of a negotiable instrument, such as a check, thereby transferring rights or ownership.