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What the term applied to the amount of cost to transfer

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Reference no: EM132669689

Problem 1: The term applied to the amount of cost to transfer to expense resulting from a decline in the utility of intangible assets is:

Option 1: amortization

Option 2: depletion

Option 3: depreciation

Option 4: allocation

Problem 2: Which intangible assets amortized over their useful life?

Option 1: trademarks

Option 2: goodwill

Option 3: patents

Option 4: Accounts receivable

Reference no: EM132669689

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