Which of the following statements is not correct about intangible assets

Which of the following statements is not correct about intangible assets

1、Which of the following statements is not correct about intangible assets: (　　).

A、In general, accounting for intangible assets parallels the accounting for plant assets

B、Intangible assets are recorded at cost

C、If the life of the intangible is indefinite, the cost of the intangible should be allocated

D、The systematic write-off of an intangible asset is referred to as amortization

【正确答案】C

【答案解析】If the life of the intangible is indefinite

2、Full disclosure principle dictates that expenses should be matched with revenues in the period when efforts are expensed. (　　)

 对      错   

【正确答案】错

【答案解析】The matching principle dictates that expenses should be matched with revenues in the period when efforts are expensed.