- CFA Exams
- CFA Level I Exam
- Topic 4. Financial Statement Analysis
- Learning Module 3. Analyzing Balance Sheets
- Subject 1. Intangible Assets
CFA Practice Question
Noncurrent, intangible assets such as leasehold improvements and patents are all subject to ______.
B. amortization
C. depletion
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 |