CFA Practice Question

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CFA Practice Question

Noncurrent, intangible assets such as leasehold improvements and patents are all subject to ______.

A. depreciation
B. amortization
C. depletion
Correct Answer: B

User Contributed Comments 5

User Comment
DonAnd The allocation of the cost of long-lived, intangible assets is called amortization
thekobe for physicall assets is called depreciation
johntan1979 Depletion?
jonan203 depletion would apply to mining companies that "deplete" known reserves
cschulz316 Tangible = Depreciation
Intangible = Amortization
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