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5. Which of the following methods is used to amortize intangible assets over their useful lives? declining balance straight line annual review for impairment none
5. Which of the following methods is used to amortize intangible assets over their useful lives? declining balance straight line annual review for impairment none of these since intangible assets are not amortized a. b. c. d. 6. Which amortization method should be used for intangibles that are amortized? a method based on the expected pattern of benefits to be produced by the asset b. a. a method based on an annual review for impairment the straight-line method; all others are inappropriate c. d. any method is appropriate At the date of purchase, materials, equipment, facilities, and intangibles purchased from others that have alternative future uses in research and development should be a. capitalized b. charged directly to retained earnings c. included in R&D expense immediately d. charged as a loss from continuing operations 7. 8. At the date of purchase, materials, equipment, facilities, and intangibles purchased from others that have alternative future uses in research and development or other activities should be a. capitalized b. charged directly to retained earnings c. included in R&D expense immediately d. charged as a loss from continuing operations Which of the following expenditures cannot be included in R&D costs? a. b. 9. indirect costs intangibles purchased from others
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