Q286
Amortization of unidentified intangible assets is in terms of
A.
Conservatism concept
B.
Materiality concept
C.
Matching concept
AnswerD.
Cost concept
Answer: Option C
Solution
Answer: Option C
Solution:
Amortization of unidentified intangible assets is in terms of Matching concept. In the Matching Concept of Accounting, all the expenses matched with the revenue of an accounting period should only be taken into consideration.