The Entry to Record Amortization of a Customer List in the Amount

question 94

Multiple Choice

The entry to record amortization of a customer list in the amount of $4,500 is as follows:

• A)Amortization (or Selling) Expense ................4,500
• Customer List ...........................4,500
• B)Finished Goods Inventory .....................4,500
• Customer List ..............................4,500
• C)Work-in-Process Inventory ................. 4,500
• Customer List .......................4,500
• D)Amortization (or Selling) Expense ..........4,500
• Allowance for Amortization of Customer List ..............4,500
• E)Work-in-Process Inventory ................ 4,500
• Allowance for Amortization of Customer List ...............4,500