Under ASPE, Which of the Following Statements Best Describes the Accounting

Multiple Choice

Under ASPE, which of the following statements best describes the accounting for intangible assets after acquisition?

A) They may be accounted for under the cost model or the revaluation model.
B) They should be accounted for under the cost model.
C) They should be accounted for under the revaluation model.
D) They must be amortized over a very short period, usually less than five years.