Cost allocation of an intangible asset is referred to as
A) amortization.
B) depletion.
C) accretion.
D) capitalization.

Name: Cost allocation of an intangible asset is referred to as A) amortization. B) depletion. C) accretion. D) capitalization.
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Question

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Cost allocation of an intangible asset is called amortization. Depletion is used for natural resources, accretion is used for bond discounts, and capitalization is used to record the cost of long-term assets on the balance sheet.

Cost Allocation of an Intangible Asset Is Referred to as