According to Generally Accepted Accounting Principles,the Proper Accounting Treatment for the Cost

Multiple Choice

According to generally accepted accounting principles,the proper accounting treatment for the cost of a trademark that management feels will retain its value indefinitely is to

A) write the cost off immediately.
B) amortize the cost over a reasonable life.
C) amortize the cost over five years.
D) carry the cost as an asset as long as circumstances continue to support an indefinite life.