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    Sarah20's Avatar
    Sarah20 Posts: 7, Reputation: 2
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    #1

    Feb 4, 2008, 04:05 PM
    Trademark's amortization under U.S GAAP
    Hey guyz, I have this true/false question about trademark's amortization under U.S GAAP, I hope someone knows about it :

    Question : Beginning of 2002, U.S financial statements, U.S GAAP was changed to require that trademarks be amortized on the straight-line basis.

    Did this happen ?if it did happened, then is the year right ?
    tickle's Avatar
    tickle Posts: 23,796, Reputation: 2674
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    #2

    Feb 4, 2008, 05:23 PM
    US GAAP or ' generally accepted accounting principles in the United States' and yes, the amortization did happen in 2002. You may now proceed to Park Avenue and forfeit $200.
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