CFA Practice Question

There are 520 practice questions for this study session.

CFA Practice Question

True or False?

The periodic allocation of the cost of a patent is called amortization.
Correct Answer: True

The allocation of the cost of long-lived intangible assets is called amortization. The allocation of the cost of long-lived physical assets is called depreciation.

User Contributed Comments 0

You need to log in first to add your comment.