According to generally accepted accounting principles,the proper accounting treatment for the cost of a trademark that management feels will retain its value indefinitely is to
A) write the cost off immediately.
B) amortize the cost over a reasonable life.
C) amortize the cost over five years.
D) carry the cost as an asset indefinitely.

Question

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The Answer of According to generally accepted accounting principles,the proper accounting treatment for the cost of a trademark that management feels will retain its value indefinitely is to
A) write the cost off immediately.
B) amortize the cost over a reasonable life.
C) amortize the cost over five years.
D) carry the cost as an asset indefinitely.

According to Generally Accepted Accounting Principles,the Proper Accounting Treatment for the Cost