According to accounting standards, the method of amortization chosen should:
A)measure the change in an asset's value.
B)be systematic and rational.
C)allocate the most of the asset's cost to the early periods benefiting from its use.
D)recognize the reduced usefulness of an asset.

Question

Quizplus · Accepted Answer

The method of amortization should be systematic and rational, ensuring that the expense is allocated over the asset's useful life in a methodical way that makes sense given the asset's use and benefit to the company.

According to Accounting Standards, the Method of Amortization Chosen Should