What Is Amortization

question 50

Multiple Choice

What is amortization?

• A)The process used to allocate the cost of natural resources.
• B)The process used to allocate the cost of tangible fixed assets.
• C)The process used to allocate the cost of capital leases, leasehold improvements and intangible assets.
• D)The process used to allocate the cost of oil, gas, minerals and standing timber.

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Definitions:

Parallel

Describes lines, planes, or surfaces that are always the same distance apart and never intersect.

Line

In geometry, a line is an infinitely long, straight one-dimensional figure having no thickness and extending in both directions.

Point

A precise location or position in a two-dimensional or three-dimensional space, typically marked by a dot.

General Form

A standard way of writing equations that enables the comparison of coefficients.