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For tangible assets that are amortized, the balance sheet should disclose the total cost of the asset. accumulated amortization. estimated amortization expense for the next
For tangible assets that are amortized, the balance sheet should disclose
- the total cost of the asset.
- accumulated amortization.
- estimated amortization expense for the next 5 years.
- all of these choices
2. Amortization expense should be
- included in income from continuing operations.
- included in other income and expense.
- disclosed in the notes to the financial statements only.
- none of these choices.
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