1) Which of the following is not an intangible asset?

Computer software

Deferred tax asset

Franchise

Brand name

2) The systematic allocation of the costs of natural assets to expense is called

impairment.

amortization.

depreciation.

depletion.

3) The adjusted historical cost of fixed assets, calculated as historical cost minus depreciation, is called

amortization.

net book value.

impairment.

depreciable cost.