The amortization of a customer list are
A)product costs.
B)period costs.
C)not required under U.S.GAAP.
D)not required under IFRS.
E)pay back costs.

Question

Quizplus · Accepted Answer

The amortization of a customer list is considered a period cost, as it is a cost that is spread out over a period of time and not directly associated with the production or sale of a product. This cost is required to be amortized under U.S.GAAP but may not be required under IFRS. It is not equivalent to pay back costs, which typically refer to the costs associated with paying back a loan or investment.

The Amortization of a Customer List Are