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.

---

Definitions:

Untreated Depression

A depression disorder that remains without medical or psychological intervention, potentially leading to worsening symptoms over time.

Long-Term Disability

A condition that impacts one's ability to perform their usual work for an extended period.

Medications

Substances used to diagnose, treat, cure, or prevent diseases and ailments.

Psychotherapy

A treatment system in which words and acts are used by a client (patient) and therapist in order to help the client overcome psychological difficulties.