The Recording of Amortization of Intangibles Generally Results in a

question 107

Multiple Choice

The recording of amortization of intangibles generally results in a

• A)credit directly to the asset account that is being amortized.
• B)debit directly to the asset account that is being amortized.
• C)credit a contra-asset account called Accumulated Amortization.
• D)debit a contra-asset account called Accumulated Amortization.
• E)none of the above

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Definitions:

Increased By

A term used to indicate that a quantity is being added to, or grown in value or amount.

Increased By

Refers to the process of adding a certain amount or percentage to an original value, resulting in a higher final amount.

Decrease Of

A reduction or decline in value, number, or amount.

Savings-Bond Portfolio

A collection of savings bonds held by an individual or entity, often used as a low-risk investment strategy.