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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. |
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
explain the financial reporting and disclosures related to intangible assets
CFA® 2024 Level I Curriculum, Volume 2, Module 3.