Each part of an intangible asset with a cost that is significant in relation to the total cost of the item should be amortized separately. This is known as
A) residual value accounting
B) cost accounting
C) amortization accounting
D) component accounting

Question

Quizplus · Accepted Answer

Component accounting is the practice of amortizing each significant part of an intangible asset separately, based on its respective cost in relation to the total cost of the asset.

Each Part of an Intangible Asset with a Cost That