Sonic Gateway Purchased $1,000 of App Software That Is Estimated

question 223

Multiple Choice

Sonic Gateway purchased $1,000 of app software that is estimated to have four years of usefulness.The adjusting entry to record the amortization includes a debit to ______ and a credit to:

• A) Amortization Expense; Accumulated Amortization
• B) Accumulated Amortization; Amortization Expense
• C) Depreciation Expense; Accumulated Depreciation
• D) Accumulated Depreciation; Depreciation Expense
• E) Software; Amortization Expense

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Definitions:

Standard Deviation

A statistical measure that quantifies the dispersion or variation of a set of numerical data from its average.

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A measure of a stock's volatility in relation to the overall market, indicating its risk level in comparison to the market average.