According to generally accepted accounting principles, the proper accounting treatment of the cost of developing intangible assets is to
A) carry the cost as an asset indefinitely.
B) amortize the cost over five years.
C) amortize the cost over a reasonable life.
D) Write off the cost immediately.

Question

Quizplus · Accepted Answer

The Answer of According to generally accepted accounting principles, the proper accounting treatment of the cost of developing intangible assets is to
A) carry the cost as an asset indefinitely.
B) amortize the cost over five years.
C) amortize the cost over a reasonable life.
D) Write off the cost immediately.

According to Generally Accepted Accounting Principles, the Proper Accounting Treatment