Amortization of an Intangible Asset Is Similar to Which Amortization

question 10

Multiple Choice

Amortization of an intangible asset is similar to which amortization method?

• A) CCA amortization
• B) units-of-production
• C) double-declining-balance
• D) straight-line

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Definitions:

Inventory Turnover

A measure of how frequently a company sells and replaces its stock of goods within a certain period.

Times

Often refers to a multiplicative factor or frequency of occurrences within a specified period.

Accounts Receivable Period

The average number of days it takes for a business to receive payments owed by its customers for goods or services provided on credit.