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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