Q. In applying the principles of expense recognition, companies should:
- record any estimates of uncollectible amounts as a direct reduction of revenues.
- exclude costs of intangible assets with indefinite useful lives.
- recognize credit losses on customer receivables when defaults occur.
Solution
B is correct. The two main types of long-lived assets whose costs are not allocated over time are land and those intangible assets with indefinite useful lives.
老师请问一下这道题的思路是?谢谢。