Senior Amortization

Test your Senior-level Amortization skills in Valuation Measurement Methods. This timed assessment evaluates your expertise in Accounting.

Duration: 5 minutes

•40 questions

Time Remaining: 05:00

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Question 1 of 40Assessment

A company acquires a customer list with a 10-year book life. For tax, it is a Section 197 intangible amortized over 15 years. What is the primary initial result?

A. A deferred tax asset from the temporary difference.

B. A deferred tax liability from the temporary difference.

C. A permanent book-tax difference requiring no deferred tax entry.

D. A direct reduction in goodwill recognized in the acquisition.

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