Question

The underlying accounting principle(s) necessitating amortization of intangible asset(s) is/are

Select one:

a. Both (a) and (c) above

b. Cost Concept

c. Matching Concept

d. Realization Concept​

Answer 1

Answer:

d/ realisation concept is right

Answer 2

Answer:

Matching concept

matching concept states that expenses should be recorded during the period in which they are incurred, regardless of when cash transfer incurs.