Which of the Following Terms Is Used to Identify the Expense

question 84

Multiple Choice

Which of the following terms is used to identify the expense recognition for intangible assets?

• A)Allocation.
• B)Depletion.
• C)Depreciation.
• D)Amortization.

---

Definitions:

Plains Indians

Indigenous peoples of the North American Great Plains, known for their nomadic lifestyle, equestrian culture, and reliance on the buffalo.

Reservations

Areas of land set aside by governments for indigenous peoples to live on and manage, with varying degrees of autonomy and self-governance.

Ledger Books

Financial record books that account for all transactions and balances in the double-entry bookkeeping system of a business.

Administrative Control

The systematic process of managing and regulating an organization's resources, operations, and policies to achieve its objectives.