Many intangible assets are not recorded on the balance sheet at their estimated market values.

Name: Many intangible assets are not recorded on the balance sheet at their estimated market values.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Intangible assets, such as trademarks, patents, and goodwill, are often difficult to value accurately and therefore are not recorded on the balance sheet at their market values. Instead, they are usually recorded at historical cost or amortized over time.

Many Intangible Assets Are Not Recorded on the Balance Sheet