A company has a beginning intangible assets balance of $50m and had $20m in net additions, $10m in amortization expense, and $5m in write-offs during the current period. What is the ending balance of intangibles?

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Multiple Choice

A company has a beginning intangible assets balance of $50m and had $20m in net additions, $10m in amortization expense, and $5m in write-offs during the current period. What is the ending balance of intangibles?

When you track intangible assets, the ending balance is the starting balance plus additions minus amortization and any write-offs. So, begin with 50 million, add net additions of 20 million to get 70 million, subtract amortization of 10 million to reach 60 million, and subtract write-offs of 5 million to arrive at 55 million. Therefore, the ending balance is 55 million. The other numbers would result from missing one of the deductions or misreading net additions as zero.

A company has a beginning intangible assets balance of $50m and had $20m in net additions, $10m in amortization expense, and $5m in write-offs during the current period. What is the ending balance of intangibles?

Prepare for your Financial Statement Modeling Test. Utilize flashcards and multiple choice questions with detailed explanations. Ace your exam with thorough preparation!

A company has a beginning intangible assets balance of $50m and had $20m in net additions, $10m in amortization expense, and $5m in write-offs during the current period. What is the ending balance of intangibles?

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