Ask Question
BusinessBusiness
9 February, 21:25

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

+5
Answers (1)
  1. 9 February, 23:40
    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?
Get 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 there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Oliver is a manager at a watch company. He believes that money is the sole motivator for workers, so he links workers' pay directly to their output. For each watch a worker produces, he or she receives $5.
Answers (1)
Consider the following events for Betterment Incorporated: January 1 Betterment purchases gasoline for $200 on account. January 7 Betterment advertises lawn mowing services for $100 per lawn.
Answers (1)
Productivity is the a. key determinant of living standards, and growth in productivity is the key determinant of growth in living standards. b.
Answers (1)
A contract for sale of real estate usually calls for the seller to provide evidence of title as a requisite to completing the sale. Today, the predominant medium through which a seller meets this requirement is by providing:
Answers (2)
Which one of the following statements is correct? All secondary markets are dealer markets. All secondary markets are broker markets. All stock trades between existing shareholders are primary market transactions.
Answers (1)
New Questions in Business
According to the specifications that a customer gave to a manufacturer, the length of a shoe should not deviate from the correct size by more than 1 mm. In the manufacturing process, the standard deviation of this length is 0.
Answers (1)
Baylee is driving her friend sarah to the movies. baylee loses control of the car and crashes into a fence. the vehicle's airbags deploy, and both sarah and baylee are shaken up but not physically injured.
Answers (1)
What identifies data outside of a normal condition?
Answers (1)
All of the following are examples of facility level costs except: Select one: a. Costs of cleaning the workplace. b. Costs of custodial work. c. Costs of personnel support. d. Costs of receiving shipments. e. Costs of providing electricity.
Answers (1)
The law of supply states that a. as prices rise, so will supply and vice versa. b. as prices fall, supply will rise and vice versa. c. as prices rise, supply will fall and vice versa. d. as prices rise, supply will stabilize and vice versa.
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?