What Is the Accounting Entry to Amortise an Intangible Asset

question 56

Multiple Choice

What is the accounting entry to amortise an intangible asset over its useful life?

• A) Debit amortisation expense; credit asset
• B) Debit accumulated amortisation; credit amortisation of asset
• C) Debit amortisation expense; credit accumulated amortisation
• D) Debit amortisation expense; credit accumulated depreciation

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Definitions:

Compensatory Behavior

A mechanism aimed at counterbalancing or offsetting a perceived deficit or problem, often seen in eating disorders.

Forced Vomiting

The act of deliberately inducing vomiting, often practiced as a harmful way to control weight or after binge eating.

Bulimia Nervosa

An eating disorder characterized by cycles of binge eating followed by purging, through methods such as vomiting or excessive use of laxatives, to prevent weight gain.

Compensatory Behavior

Actions taken to counteract or make up for something, often referring to attempts to offset calories consumed during binge eating through methods like fasting or excessive exercise.