Which of the Following Items Should Be Amortized

question 140

Multiple Choice

Which of the following items should be amortized?

• A) natural resources
• B) goodwill
• C) patents, copyrights, trademarks
• D) tangible property, plant, and equipment, other than land

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Definitions:

Total Cost

The complete amount of expenses incurred by a business in producing goods or services, including both fixed and variable costs.

Quantity Change

An alteration in the amount of goods or services supplied or demanded in a market.

Average Fixed

The fixed costs of production divided by the quantity of output produced, illustrating how those costs are spread over output.

Average Fixed Cost

The fixed costs of production divided by the quantity of output produced.