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The periodic transfer of the cost of an intangible asset to expense?
amortization
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 expiration of a plant asset's cost?
Amortization
What is periodic inventory?
The system of inventory where updates are made on a periodic basis is a periodic inventory. In this type of inventory, there is no effort made to keep the records of the cost of goods sold or the inventory up-to-date.
What is The term applied to the periodic transfer of a fixed asset's cost to expense is?
Depreciation
What is the cost for Tin on the periodic table?
The periodic table has nothing to do with cost.
The periodic transfer of the cost of an intangible asset to expense?
amortization
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 expiration of a plant asset's cost?
Amortization
What is periodic inventory?
The system of inventory where updates are made on a periodic basis is a periodic inventory. In this type of inventory, there is no effort made to keep the records of the cost of goods sold or the inventory up-to-date.
What is The term applied to the periodic transfer of a fixed asset's cost to expense is?
Depreciation
What are cost associated with a life insurance policy?
periodic premiums, which unlike investments can't be withdrawn
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 cost of iron in its pure form?
Iron symbol on the periodic table is Fe. The cost of pure iron is 7 dollars and 20 cents per 100 grams.
The periodic transfer of the cost of an intangible asset to expense is called what?
The periodic transfer of the cost of an intangible asset to expense is called amortization. This process allows businesses to systematically allocate the cost of the intangible asset over its useful life, reflecting its consumption and the decrease in value over time in the financial statements. Amortization is similar to depreciation, which applies to tangible assets.
What are the two main inventory systems in cost accounting?
1 - Perpetual inventory system 2 -Periodic accounting system
Is periodic inventory system used most by companies that sell low or high volume merchandise?
high volume, low cost
