How should intangible assets be disclosed on the balance sheet?
A)as a reduction of stockholders' equity
B)at cost in the current assets section
C)at the estimated market value at the balance sheet date
D)net of the costs already amortized

Question

Quizplus · Accepted Answer

Intangible assets should be disclosed on the balance sheet at their cost net of any accumulated amortization. This reflects the historical cost of the asset reduced by the amount of value that has been recognized as an expense over time due to the asset's use or obsolescence.

How Should Intangible Assets Be Disclosed on the Balance Sheet