The Net Amount Shown on a Balance Sheet for an Intangible

question 45

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 acquisition cost or current market value,whichever is lower.
• C)its purchase price minus accumulated depreciation.
• D)its purchase price adjusted for inflation.

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Definitions:

United States

A country in North America consisting of 50 states and a federal district, known for its diverse geography and multicultural population.

Bulgaria

A country located in Southeast Europe known for its rich history, cultural heritage, and geographical diversity, including mountains, plains, seas, and rivers.

Japan

A country located in East Asia, known for its rich culture, technological advancements, and historical significance.

Hypertension

A medical condition characterized by persistently high blood pressure, which can lead to serious health issues such as heart disease and stroke.