ACC 304 All Assignments ACC 304 All Assignments | Page 204
d. All of the above.
26. Which of the following methods of amortization is normally used
for intangible assets?
a. Sum-of-the-years'-digits
b. Straight-line
c. Units of production
d. Double-declining-balance
27. The cost of an intangible asset includes all of the following
except
a. purchase price.
b. legal fees.