Intangible asset quiz

This topic has 1 reply, 2 voices, and was last updated 9 years ago by MikeLittle.

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May 28, 2017 at 8:14 am #388511
njivan28
Participant
- Topics: 35
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Hello.Why we don’t amortise the 400 000 for 2 months on question 1?Thank you.
May 28, 2017 at 9:14 am #388513
MikeLittle
Keymaster
- Topics: 27
- Replies: 23376
Because the question tells you that the project is not yet complete and we shall start to amortise only when the project commences contributing to revenue and profits

It’s the matching concept!

OK?
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