Accountants Use the Accumulated Amortization Account to Show the Cumulative

question 56

True/False

Accountants use the Accumulated Amortization account to show the cumulative sum of all amortization expense from the date of acquiring the asset.

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Definitions:

Descriptive

Relating to the detailed or factual presentation of something.

Documented

Information or data that has been recorded, written down, or otherwise stored for the purpose of evidence or reference.

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Clearly defined or identified; precise or particular.

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