Question : The term _______________is used for writing off (fixed) intangible assets (such as goodwill, trademarks, copyrights, etc.) over their estimated useful Amortization life.
Option 1: Depreciation
Option 2: Amortisation
Option 3: Both A and B
Option 4: None of the above
Correct Answer: Amortisation
Solution : Answer = Amortisation The term 'Depreciation' is used for writing off (fixed) tangible assets over their estimated useful life and the term 'Amortisation' is used for writing off (fixed) intangible assets (such as goodwill, trademarks, copyrights, etc.) over their estimated useful life. Hence, the correct option is 2.
Question : _____________is used for writing off (fixed) tangible assets over their estimated useful.
Question : Goodwill is
Question : Which of the following statements is false?
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