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

question 190

Multiple Choice

According to generally accepted accounting principles,the proper accounting treatment for the cost of a trademark that management feels will retain its value indefinitely is to

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

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Definitions:

Self-Esteem

An individual's subjective evaluation of their own worth, embodying attitudes towards themselves ranging from positive to negative.

Trait Theories

Theories in psychology that focus on identifying, describing, and measuring individual differences in behavioral predispositions.

Self-Actualization

The act of reaching or fulfilling one's own capabilities and talents, perceived as an inherent desire or requirement in everyone.

Unconscious Motives

Unconscious motives refer to hidden and automatic drivers of behavior that are not accessible to an individual's conscious awareness.