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The periodic transfer of the cost of an intangible asset to expense is referred to as?
depreciation
What is called a periodic transfer of a portion of the cost of an intangible asset to expense?
The periodic transfer of a portion of the cost of an intangible asset to expense is called "amortization." This process systematically allocates the cost of the intangible asset over its useful life, reflecting its consumption and the reduction in value over time. Amortization is typically applied to assets such as patents, copyrights, and trademarks.
What is The term applied to the periodic transfer of a fixed asset's cost to expense is?
Depreciation
What is The periodic write-off of an intangible asset?
amortization
Is taxes a intangible assets?
Taxes are never an asset (unless you are the government), you have to pay taxes which is an expense and or liability depending on when you pay them. An intangible asset is something you can't see or touch, like a patent on something you invent
The periodic transfer of the cost of an intangible asset to expense is referred to as?
depreciation
What is The term applied to the periodic transfer of a fixed asset's cost to expense is?
Depreciation
What is The periodic write-off of an intangible asset?
amortization
Is taxes a intangible assets?
Taxes are never an asset (unless you are the government), you have to pay taxes which is an expense and or liability depending on when you pay them. An intangible asset is something you can't see or touch, like a patent on something you invent
Is a prepaid asset considered an intangible asset?
No. A prepaid asset is an asset that May be Tangible or Intangible, but is not yet 'in service'. When it is acquired and in service, is when it may be determined if it is Tangible or Intangible.
What is difference between an asset and an expense?
An asset is a debit entry on the balance sheet. It represents a physical item of value, an intangible item of value such as goodwill, or a debtor to the business. An expense is a debit entry on the profit and loss account, and represents a cost to the business.
What Types of fixed asset?
1)Tangible fixed asset 2)Intangible fixed asset 1)Tangible fixed asset 2)Intangible fixed asset
Is branding a intangible asset?
Yes, branding is an intangible asset. Usually, common referred to under Goodwill.
Is accounts receivables a fixed asset or intangible asset?
The answer is neither one. Accounts receivable are a current asset; neither an intangible asset (e.g. goodwill) nor a fixed asset (e.g. plant and equipment).
Why goodwill is an intangible asset?
Goodwill is an intangible asset because it does not have any tangible physicle existance and nobody can touch or see it.
Is depreciation expense an asset or liability?
Depreciation expense is neither an asset or liability. It is an expense.
Is plant asset intangible?
No it is tangible.
