The Net Amount Shown on a Balance Sheet for an Intangible

question 80

Multiple Choice

The net amount shown on a balance sheet for an intangible asset with an unlimited life should be:

• A)the price for which it could be sold.
• B)its book value or impaired fair value,whichever is lower.
• C)its purchase price minus accumulated amortization.
• D)its purchase price adjusted for inflation.

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Definitions:

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Grammatical Rules

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