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Basic Question 1 of 9

What is the cost allocation procedure called for intangible assets?

A. Depreciation
B. Depletion
C. Amortization
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User Contributed Comments 5

User Comment
stranger a. for long term assets
b. for natural resources
c. for intangible assets
haarlemmer Depletion is about natural resources, I think.
danlan a is for tangible assets
freda Goodwill is no longer amortised. It is tested every year for impairment.
jonan203 if the earth ever runs out of oil, we would have DEPLETED our primary source of energy...

anything you can only use ONCE, is subject to depletion; time, oil, gas, gold reserves, silver reserves, cattle, pork, sugar, etc.
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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes

Barnes

Learning Outcome Statements

explain the financial reporting and disclosures related to intangible assets

CFA® 2025 Level I Curriculum, Volume 2, Module 3.