Amortization is computed over the useful life of the intangible asset using the double-declining-balance method.

Name: Amortization is computed over the useful life of the intangible asset using the double-declining-balance method.
Brand: Quizplus
Rating: 4.8 (32 reviews)

Question

Quizplus · Accepted Answer

The double-declining-balance method is a type of accelerated depreciation method used for tangible assets, not intangible assets. Intangible assets are typically amortized over their useful lives using the straight-line method or another appropriate method.

Amortization Is Computed Over the Useful Life of the Intangible