According to Generally Accepted Accounting Principles,the Proper Accounting Treatment of the Cost

question 139

Multiple Choice

According to generally accepted accounting principles,the proper accounting treatment of the cost of developing intangible assets is to

• A)carry the cost as an asset indefinitely.
• B)amortize the cost over five years.
• C)amortize the cost over a reasonable life.
• D)write off the cost immediately.

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