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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Definitions:

Prejudice

A preconceived opinion that is not based on reason or actual experience, often involving discriminatory thoughts or beliefs about particular groups.

Ambiguous Information

Data or messages that can be understood or interpreted in more than one way, often leading to confusion or multiple meanings.

Job Applicants

Individuals who apply for a specific job position, seeking to become employed.

Ambivalent Sexism

A theory that sexism towards women can be both positive (benevolent) and negative (hostile) and is embedded in societal structures.