A Patent Has Amortization This Year of $2,300

question 120

Multiple Choice

A patent has amortization this year of $2,300. The journal entry would be to:

• A)debit amortization expense-patent, $2,300; credit Accumulated Depreciation-patent, $2,300.
• B)debit accumulated amortization-patent, $2,300; credit patent, $2,300.
• C)debit amortization expense-patent, $2,300; credit patent, $2,300.
• D)debit accumulated amortization-patent, $2,300; credit amortization expense-patent, $2,300.

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Definitions:

Ethical Guideline

A principle designed to guide individuals or organizations in making decisions that are moral, responsible, and in accordance with accepted standards of behavior.

American Psychological Association

A professional organization representing psychologists in the United States, dedicated to advancing psychology as a science, profession, and means of promoting health and human welfare.

Confidential Data

Information that is not for public disclosure, often protected due to privacy or security reasons.

Research Deception

The use of misleading or untrue information in scientific studies to ensure the authenticity of responses or behaviors.