Question

How should intangible assets be disclosed on the balance sheet?

At the estimated market value at the balance sheet date

At cost in the current assets section

Net of the costs already amortized

As a reduction of stockholders’ equity

Answer 1

Net of the costs already amortized.

Step-by-step explanation:

Intangible assets are disclosed in the Balance Sheet at historical cost less amortisation already done. It cannot be taken at market value nor its a current asset or a reduction in stockholder's equity.