Trademarks or acquired brand names are not amortized but are reviewed annually for impairment. true or...

Question

Question

Trademarks or acquired brand names are not amortized but are reviewed annually for impairment. true or false?

business accounting

Answer 1

Answer #1

Flase

Intangible assets which have definite useful life are amortized. Goodwill is not amortized but reviewed annually for impairment

Comment if you face any issues

Answer 2

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