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For which of the following would the use of the straight-line method of amortization be acceptable?

a. Building

b. Patent

c. Goodwill

d. All of the above

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Question ajoutée par Anil Lalwani , Chief Accountant , Al Ahli Hospital
Date de publication: 2016/10/15
Farrukh Abrar
par Farrukh Abrar , Senior Vice President-Financial Management Department , Kuwait Financial Centre (Markaz)

Depreciation is appropriate for buildings only. The Patent and Goodwill are intangibles and are assessed for impairment testing rather than amortization under IAS 38

Muhammad Jalil Inayatullah
par Muhammad Jalil Inayatullah , Senior Accounts Officer , Raptor Global Logistics (Pvt) Ltd

Buildings is the correct one.

Tamer Elbeshbishy
par Tamer Elbeshbishy , Financial and Administration Manager , Muscat Towers Holding Group

Building is more accepted using Straight line method. However, using other methods could not be refused by standereds.

Frank Mwansa
par Frank Mwansa , ACCOUNTING LECTURER , FREELANCER

Thanks for invitation 

Buildings 

Anil Lalwani
par Anil Lalwani , Chief Accountant , Al Ahli Hospital

It's building, I completely agree with answer given by Mr. Farrukh Abrar

Moataz Elsabawy
par Moataz Elsabawy , مدير مالى , مجموعه شركات الانصار

Option b is the right answer . Buildings are depreciated and goodwill is tested for impairment .

Avanish Kumar Rai
par Avanish Kumar Rai , CFO , CHW Forge Private Limited

All of the above may be depreciated/amortized using straight-line method. 

Wilfredo Quito
par Wilfredo Quito , Accounting Manager , DDC LAND INC.

Thanks for Invitations:

Building is more accepted using Straight line method.

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