The entry to record patent amortization usually includes a credit to
A) Amortization Expense.
B) Accumulated Amortization.
C) Accumulated Depreciation.
D) Patents.

Question

Quizplus · Accepted Answer

The entry to record patent amortization typically includes a credit to the Patents account itself, as intangible assets like patents are often directly reduced by their amortization, rather than using an accumulated amortization account.

The Entry to Record Patent Amortization Usually Includes a Credit