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Basic Question 3 of 10
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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Colin Sampaleanu
Learning Outcome Statements
compare the financial reporting of the following types of intangible assets: purchased, internally developed, acquired in a business combination;
describe the different amortisation methods for intangible assets with finite lives and calculate amortisation expense;
describe how the choice of amortisation method and assumptions concerning useful life and residual value affect amortisation expense, financial statements, and ratios;
CFA® 2024 Level I Curriculum, Volume 3, Module 23.