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Basic Question 1 of 9
What is the cost allocation procedure called for intangible assets?
B. Depletion
C. Amortization
A. Depreciation
B. Depletion
C. Amortization
User Contributed Comments 5
| User | Comment |
|---|---|
| stranger | a. for long term assets b. for natural resources c. for intangible assets |
| haarlemmer | Depletion is about natural resources, I think. |
| danlan | a is for tangible assets |
| freda | Goodwill is no longer amortised. It is tested every year for impairment. |
| jonan203 | if the earth ever runs out of oil, we would have DEPLETED our primary source of energy... anything you can only use ONCE, is subject to depletion; time, oil, gas, gold reserves, silver reserves, cattle, pork, sugar, etc. |
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Learning Outcome Statements
explain the financial reporting and disclosures related to intangible assets
CFA® 2025 Level I Curriculum, Volume 2, Module 3.