Which of the following methods of amortization is normally used for intangible assets?
A)Capital cost allowance
B)Straight-line
C)Activity method
D)Double declining-balance

Question

Quizplus · Accepted Answer

The straight-line method is the most common method used for amortizing intangible assets as it evenly allocates the cost of the asset over its useful life. The other methods listed are usually used for tangible assets, such as buildings or equipment.

Which of the Following Methods of Amortization Is Normally Used