Q1. Allocating an intangible asset’s cost to the income statement over time is known as: A) depreciation. B) amortization. C) depletion.
Q2. Intangible assets with finite useful lives are: A) amortized over their actual lives. B) amortized over their expected useful lives. C) not amortized, but are tested for impairment at least annually.
Q3. Which of the following items is least likely an example of an intangible asset with an indefinite life? A) Acquired patents. B) Goodwill. C) Trademarks that can be renewed at minimal cost.
Q4. Under normal circumstances, intangible assets with indefinite lives are: A) amortized over a reasonable period but not subject to impairment. B) not amortized but subject to impairment. C) amortized over a reasonable period and subject to impairment.
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发表于 2009-1-19 10:15
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