What type of intangible assets is subject to amortization?

Question:

Intangible Assets:

Intangible Assets is an asset without physical substance but are identifiable nonmonetary asset. Intangible Asset are patents, trademark, copyright, franchise, lease right, computer software and other specific rights.

Answer and Explanation:

Become a Study.com member to unlock this answer! Create your account

View this answer

See full answer below.

Learn more about this topic:

Amortization of Intangible Assets: Definition & Examples

from

Chapter 11 / Lesson 9

5.1K

Intangible assets do not have physical properties but do have value. Explore the definition and examples of intangibles compared with tangible assets, intangible asset valuation, creating journal entries, and amortization of assets like copyrights, patents, and goodwill.

Related to this Question

Define amortization. What kind of assets are amortized?
What is meant by the amortization of intangible assets?
What is depreciation? Which tangible assets are depreciated, and which are not? Why?
What type of assets require adjusting entries to record depreciation?
What is depreciation, and which assets are depreciated?
What are the three major types of intangible assets, and how does the accounting for them differ?
What is the depreciation "equivalent" for non-plant assets?
Define depreciation. What kind of asset depreciates?
List several common intangible assets. How is the life determined that is to be used to compute amortization?
Accumulated depreciation equipment is classified as what type of account?
The write-off of the cost of an intangible asset is called _______.
How does the amortization of an intangible asset affect cash flows?
Explain amortization of intangibles. Use examples.
Depreciation and amortization expenses are associated with contra asset accounts. What are these?
What are the main characteristics of intangible assets? How are they presented in the balance sheet?
Which of the following terms is used to identify the expense recognition for intangible assets? a. Amortization b. Depletion c. Depreciation d. Allocation
What is an accumulated depreciation property, plant, and equipment in financial statements?
What does it mean to amortize intangible assets? How do you amortize them?
Accumulated depreciation is what type of account? a. Deferrals b. Accruals c. Contra asset d. Revenue
What is the difference between depreciation and amortization?
Describe the Accounting for Intangible Assets. Give an example.
What is the difference between amortization and depreciation?
What type of a cost Depreciation is?
How can we calculate depreciation of an asset?
What is the debit for accumulated depreciation-equipment?
What is the significance of Accumulated Depreciation as an asset account?
Explain what type of assets would be used in the double-declining balance method.
What assets are considered operating assets in return on investment computations?
What are some of the practical characteristics of fixed assets that complicate the calculation of depreciation?
To which category of elements of financial statements does depreciation belong?
Why are some intangible assets amortized and others are not?
(a) Explain how to account for natural resources and intangible assets, including depletion and amortization. (b) Provide three examples.
Disposal or sale of assets is considered what type of cash flow?
What is the balance sheet asset balance to accrued expenses?
What is the meaning of amortization in accounting?
How are intangible assets presented in the balance sheet?
Describe what amortization is. What statement(s) does it affect and how?
Identify the types of intangible assets, and describe how the accounting treatment for goodwill under U.S. GAAP differs from the accounting treatment for other intangible assets.
What is depreciation? What are the different methods, and when would each be appropriate? How do we apply this concept to natural resources? Intangibles?
What category is accumulated depreciation in accounting?
Which depreciation method will compute the most depreciation expense over the life of the asset?
Which of the following is not a type of operating asset? a) Intangibles b) Receivables c) Land d) Inventory
Which depreciation method is not based on the number of accounting periods in which an asset is used?
Which depreciation method will result in the most depreciation over the life of an asset?
What are the three different methods of amortization?
Which of the following relationships between the category of intangibles and amortization is not true? (Table). a. I b. II c. III d. IV
What is depreciation? What are the methods used to compute depreciation?
In accounting, what does amortization mean?
What can an organization achieve through an asset account like 'Accumulated Depreciation'?
What are the differences between valuation, depreciation, amortization, and depletion?
What are the differences among valuation, depreciation, amortization, and depletion?
Identify and discuss three intangible assets that are likely to be excluded from the balance sheet because they cannot be reliably measured.
What is the difference between assets and equity in accounting?
What are assets, liabilities, and equity? Provide examples.
What is the accounting definition of an asset?
Which method gives you the most depreciation over the life of the asset? Explain.
What does Accumulated Depreciation indicate?
Which of the following accounts would not be considered a tangible asset? a. buildings b. land c. equipment d. copyright
What are the similarities and differences between depreciation and amortization?
What are the similarities and differences of depreciation and amortization?
What is component depreciation, and when must it be used?
Under GAAP, name the four things that are needed to calculate depreciation on an asset.
What kind of accounting treatment will an asset that has depreciated fully but that is still used in a business be subjected to?
Which of the following is not considered a type of long-lived asset? a. accounts receivable b. land c. plant and equipment d. natural resources
What is the difference between an asset, a liability, and equity?
Define amortization in the context of accounting.
What is the term used for the difference between the equipment account and the accumulated depreciation minus equipment account?
Which type of financial statement discloses net investment in capital assets?
What is depreciation? Why are accountants required to depreciate assets?
Describe what the value of assets would be if liabilities are $12,000 and owners' equity is $50,000 by showing the accounting equation.
How do you account for proceeds from an asset that has been fully amortized?
Under what balance sheet classification does accumulated depreciation belong?
What is depreciation expense in 20X4?
What are the property plant and equipment presented at on a balance sheet?
How assets liabilities net income are affected by depreciation entries?
What is the credit side if accumulated depreciation is a debit?
What are possible reasons why some intangible assets are kept off the balance sheet?
Expain the difference between tangible and intangible long-lived, revenue-producing assets.
What is the term for the basic tool of accounting, stated as Assets = Liabilities + Equity?
In non profit accounting what is the normal balance of assets?
Is land classified as an asset, a liability, or capital? Explain.
Which of the following assets is not depreciated? a. Store fixtures b. Land c. Computers d. Buildings
Which Accounting standard is apply to Fixed Assets? a. 9 b. 11 c. 15 d. 10
What factors are usually considered when computing depreciation?
What is the difference between cash paid for equipment and depreciation expense?
Describe fair value as it relates to assets and liabilities.
What is the relationship between assets, revenues, liabilities, and expenses?
What are economic resources to be used or turned into cash within one year? What reports assets, liabilities, and stockholders?
What is the need for an accumulated depreciation account?
What is included in the cost basis of a long-lived asset? Explain for at least two types of such assets.
What type of account is unearned revenue?
What is the meaning of asset, liability, revenue, and expense?
Describe how U.S. GAAP determines whether an intangible asset is included in the balance sheet.
Describe depreciation, amortization, and depletion. How do they differ?
What does the term depreciation mean in accounting?
Which types of investments are valued at amortized cost? Explain the rationale for this accounting.
What part of the depreciation schedule goes on the income statement?
What is the difference between gross fixed assets and net fixed assets?
Why would you use different depreciation methods for different assets?
What side of the balance sheet does the asset be on? How does it work?

What type of intangible assets is subject to amortization?

Question:

Intangible Assets:

Answer and Explanation:

Become a member and unlock all Study Answers

Ask a question

Search Answers

Learn more about this topic:

Related to this Question

Explore our homework questions and answers library