Ask Question
BusinessBusiness
28 July, 19:15

The term applied to the amount of cost to transfer to expense resulting from a decline in the utility of intangible assets is

+4
Answers (1)
  1. 28 July, 19:55
    0
    Answer: Amortization

    Explanation: In simple words, amortization refers to the process under which the value of an asset is reduced over time due to wear and tear that occurs over time. It is similar to depreciation but this term is applied for intangible fixed assets such as goodwill and patents.

    In such process, the initial cost of the asset is decreases over time on the basis of predetermined basis and methods. It involves transferring the cost of the intangible asset to expense account.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The term applied to the amount of cost to transfer to expense resulting from a decline in the utility of intangible assets is ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Adjusting Entries for Accrued SalariesGarcia Realty Co. pays weekly salaries of $26,500 on Friday for a five-day workweek ending ending on that day. a.
Answers (1)
Todd is working on resource scheduling in preparation for the start of a project. There is a potential problem in the works, however, as the new collective bargaining agreement with the company's union has not been concluded.
Answers (1)
Explain what is meant by a shift in the demand curve
Answers (2)
The magnitude of the buoyant force is equal to the weight of the amount of fluid that has the same total volume as the object. Under what circumstances is this statement true?
Answers (1)
The following information exists for ABC Company: Selling price per unit: $30 Variable expenses per unit: $21 Fixed expenses for the period: $60,000 Sales volume in units: 10,000 If advertising of $15,000 is spent to increase sales volume by 2,000
Answers (1)
New Questions in Business
The revenue recognition principle dictates that revenue should be recognized in the accounting records: a. when cash is received b. in the period that income taxes are paid c. when it is earned. d. at the end of the month.
Answers (1)
Which of the following involves trading partial ownership interests for capital? A) Equity financing B) Debt financing C) Partnership financing D) Corporate financing
Answers (1)
Rockingham Motors issued a 30-year, 8 percent semiannual bond 3 years ago. The bond currently sells for 103.1 percent of its face value. The company's tax rate is 34 percent. What is the aftertax cost of debt?
Answers (1)
Producer surplus is the area A. under the demand curve and above the price. B. between the supply and demand curves. C. below the price and above the supply curve. D. under the supply curve.
Answers (1)
Arthur made a bid at an auction by calling out the amount of $250. The auctioneer acknowledged Arthur's bid. There were no higher bids, and before the fall of the auctioneer's hammer, Arthur announced that he was withdrawing the bid.
Answers (1)
Home » Business » The term applied to the amount of cost to transfer to expense resulting from a decline in the utility of intangible assets is
Sign Up Forgot Password?