ACC 304 Course Great Wisdom / tutorialrank.com ACC 304 Course Great Wisdom / tutorialrank.com | Page 239

51.

The carrying amount of an intangible is

a. the fair value of the asset at a balance sheet date.

b. the asset's acquisition cost less the total related amortization
recorded to date.

c. equal to the balance of the related accumulated amortization
account.

d. the assessed value of the asset for intangible tax purposes.