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vekshin1
3 years ago
6

A purchased limited-life intangible asset ________ amortized and is impairment tested using ________. (a)is; the recoverability

test and then the fair value test.(b)is not; the fair value test only.(c)is not; the recoverability test and then the fair value test.(d)is; the fair value only.
Business
1 answer:
Pani-rosa [81]3 years ago
7 0

Answer: Option A

Explanation: Assets having no physical existence are called intangible assets for example :- goodwill, patent rights.

Amortization can be defined as the method of distributing the value of intangible assets over its useful life, thus for amortization the asset must have a definite life.

While amortizing , first its recoverability is evaluated by comparing fair value with carrying value and after that the difference in both is calculated.

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7 0
3 years ago
For questions 1-10, fill in the blank with the letter of the term that best matches the description.
LuckyWell [14K]

Following are the correct terms for the descriptions provided.

1. Coverage

2. Risk Management

3. Insurer

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5. Liability

6. Policy

7. Actuary

8. Claim

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<h3>Explanation</h3>

The correct answers for the explanation given in the question is described above.

An Insurance Company is called an Insurer, its products are called policy, they provide coverage for loss, this is a type of risk management, a person calculating all the figures is known as an Actuary, monthly or annually premiums are payable and claim can be made once the insured condition is met.

<h3 />

Therefore the answers are following

1. Coverage

2. Risk Management

3. Insurer

4. Premium

5. Liability

6. Policy

7. Actuary

8. Claim

9. Deductible

10. Insurance

Learn more about Business at brainly.com/question/26538066

3 0
2 years ago
In the 1990s, DVDs replaced audiocassettes and floppy disks as the storage media of choice for music and computers. In today's w
Yuki888 [10]

Answer:

sales decline

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5 0
3 years ago
Which of these outcomes become more likely for someone with strong personal finance skills? Check all that apply.
expeople1 [14]
There were no choices.

However, to give some points on people with strong finance skills can manage a financial standing. 

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insens350 [35]

Answer:

Defection rate, or costumer defection rate is one of the major factors due to which a company can hit rock bottom. The costumer defection rate can be defined as the rate at which the existing costumers of a certain company leave a brand, to switch over a competitor, or stop using that certain type of product all together. If the marketers are considering the defection rate of a market segment, it means that they are considering the rate at which costumers are leaving a brand to join another, or leaving that market all together.

7 0
3 years ago
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