Which of the following methods of amortization is normally used for intangible assets?
A) Sum-of-the-years'-digits
B) Straight-line
C) Units of production
D) Double-declining-balance

Question

Quizplus · Accepted Answer

Straight-line method is normally used for intangible assets as it evenly allocates the cost of the intangible asset over its estimated useful life. Other methods like Sum-of-the-years'-digits, Units of production, and Double-declining-balance may not be appropriate for intangible assets.

Which of the Following Methods of Amortization Is Normally Used