Companies should evaluate indefinite life intangible assets at least annually for ________.
A) amortization
B) impairment
C) useful life
D) gains or losses

Name: Companies should evaluate indefinite life intangible assets at least annually for ________. A) amortization B) impairment C) useful life D) gains or losses
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Question

Quizplus · Accepted Answer

Indefinite life intangible assets are not amortized but must be tested for impairment at least annually to ensure their carrying value does not exceed their recoverable amount.

Companies Should Evaluate Indefinite Life Intangible Assets at Least Annually