In accordance with generally accepted accounting principles,which of the following methods of amortization is normally recommended for intangible assets?
A) Sum-of-the-years'-digits
B) Straight-line
C) Group composite
D) Double-declining-balance

Question

Quizplus · Accepted Answer

Straight-line amortization is the most commonly recommended method for intangible assets under generally accepted accounting principles. This method involves allocating the cost of the asset equally over its estimated useful life. This results in a steady, predictable expense for the business and conforms to the matching principle, which requires expenses to be recognized in the same period as the related revenue.

In Accordance with Generally Accepted Accounting Principles,which of the Following