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 asset's historical cost less any recognized depreciation over time, aligning with accounting principles for asset valuation and presentation.

How Should Intangible Assets Be Disclosed on the Balance Sheet