Companies should evaluate indefinite life intangible assets at least annually for ________.
A) amortization
B) derecognition
C) recoverability
D) impairment

Name: Companies should evaluate indefinite life intangible assets at least annually for ________. A) amortization B) derecognition C) recoverability D) impairment
Brand: Quizplus
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Question

Quizplus · Accepted Answer

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

Companies Should Evaluate Indefinite Life Intangible Assets at Least Annually