Asked by
Dogacan Alancik
on Nov 18, 2024
Verified
Amortization of intangible assets
Amortization
The process of gradually writing off the initial cost of an asset over a period, typically for intangible assets such as patents or goodwill.
Intangible Assets
Long-term assets that are used in the operations of a business, are not held for sale, and are without physical qualities.
- Understand how amortization of intangible assets affects operating activities in statement of cash flows.
Verified Answer
SS
Learning Objectives
- Understand how amortization of intangible assets affects operating activities in statement of cash flows.
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