The Correct Accounting Entry to Amortise an Intangible Asset Over

question 25

Multiple Choice

The correct accounting entry to amortise an intangible asset over its useful life is:

• A) DR Amortisation expense; CR Asset
• B) DR Accumulated amortisation; CR Amortisation of asset
• C) DR Amortisation expense; CR Accumulated depreciation
• D) DR Amortisation expense; CR Accumulated amortisation

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Definitions:

Math Class

A class in programming that provides methods for performing basic numeric operations such as exponentiation, logarithm calculations, and trigonometric functions.

ToString

A method in object-oriented programming languages that returns a string representation of an object.

Static Variable

A variable that belongs to the class itself rather than any instance of that class, maintaining a single shared value for all instances of the class.

Class

A blueprint or prototype from which objects are created in object-oriented programming, encapsulating data for the object and methods to manipulate that data.