GAAP requires that intangible assets be amortized over a period not to exceed how many years?

(A) 40

(B) 20

(C) 17

(D) no such requirements exist

Answer (A): 40

Explanation: There is a rebuttable assumption that the helpful existence of an elusive resource won’t surpass a long time from the date when the resource is free for use.

Also see:

Was this answer helpful?

 
   

0 (0)

(0)
(0)

Choose An Option That Best Describes Your Problem

Thank you. Your Feedback will Help us Serve you better.

Leave a Comment

Your Mobile number and Email id will not be published. Required fields are marked *

*

*

BOOK

Free Class

Ask
Question