How should intangible assets be disclosed on the balance sheet?
A)As a reduction of stockholders' equity
B)At cost in the Current Assets section
C)At the estimated market value at the balance sheet date
D)Net of the costs already amortized

Question

Quizplus · Accepted Answer

Intangible assets should be disclosed on the balance sheet at their cost net of any accumulated amortization. This reflects the asset's decreasing value over time due to usage and obsolescence.

How Should Intangible Assets Be Disclosed on the Balance Sheet