USGAAP and IFRS Require Firms to Treat Some or All

question 111

Multiple Choice

U.S.GAAP and IFRS require firms to treat some or all expenditures made to internally develop brand names, customer lists, new technologies, and other intangibles

• A)at fair value.
• B)as expenses in the period of the expenditure.
• C)as capitalized assets without amortization because of infinite lives.
• D)as capitalized assets with amortization over the finite lives.
• E)as capitalized assets tested annually for impairment.