When a list of customers or subscribers is purchased, its cost is
A) immediately expensed.
B) capitalized as an intangible asset.
C) amortized over a maximum of 5 years.
D) amortized as people on the list move away or pass on.
B
Business
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Expense accounts are increased by credits
Indicate whether the statement is true or false
Business
The receivables turnover ratio is calculated as:
a. 365 ÷ Average Receivables. b. Average Receivables ÷ 365. c. Cash Sales ÷ Average Receivables. d. Credit Sales ÷ Average Receivables.
Business