Amortization Is

question 153

Multiple Choice

Amortization is:

• A) The systematic allocation of the cost of an intangible asset to expense over its estimated useful life.
• B) The process of allocating to expense the cost of a plant asset to the accounting periods benefiting from its use.
• C) Also called depletion.
• D) An accelerated form of expensing an asset's cost.
• E) The process of allocating the cost of natural resources to periods when they are consumed.

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Definitions:

Form Follows Function

A principle in design and architecture where the shape of a building or object should primarily relate to its intended function or purpose.

Concise

Expressing or covering much in few words; brief in form but comprehensive in scope.

Relevant Information

Data or facts that are directly related to the topic at hand or are useful for making decisions or solving problems.

You-attitude

A communication approach focusing on the receiver's needs and interests rather than the sender's.