Q 910 the cost of intangible assets with should not

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Q 9.10: The cost of intangible assets with _____ should not be amortized.A) limited lifeB) indefinite lives B) indefinite lives
Q 9.11: Companies usually show intangible assets separatelyunder "Intangible assets."
A : True B : False A : True Q 9.12: Which of the following should be disclosed in the balance sheet or the notes to the financial statements?A : All of the choices are correct B : balances of the major classes of assets C : amount of depreciation and amortization expense for the period D : depreciation and amortization methods used A : All of the choices are correct Q 9.13: A patent that has a legal life of 20 years and a usefullife of less than 20 years should
Q 9.14: Companies can amortize a patent for a period that cannot exceedA : 20 years. B : 40 years. C : 50 years. D : 10 years. A : 20 years. Q 9.15: To find the asset turnover ratio, divide
Q 9.16: To find the book value of a plant asset, you find the difference between theA : cost of the asset and the accumulated depreciation to date. B : replacement cost of the asset and its historical cost. C : cost of the asset and the amount of depreciation expense for the year. D : proceeds received from the sale of the asset and its original cost. A : cost of the asset and the accumulated depreciation to date. Q 9.17: If the estimate of the useful life of equipment changes, then this change requires
Q 9.18: In selecting a depreciation method, a company should choose the method thatA : is easiest to apply. B : has been used most often in the past by the company. C : best measures the plan asset's market value over its useful life. D : best measures the plant asset's contribution to revenue overits useful life. D : best measures the plant asset's contribution to revenue over its useful life.
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