Amortization is an adjusting entry that records the amount of:
A)intangible assets' usefulness used during the accounting period.
B)tangible assets' remaining usefulness as of the end of the accounting period.
C)the increase in value of intangible assets during the accounting period.
D)the increase in value of tangible assets during the accounting period.

Question

Quizplus · Accepted Answer

Amortization is the process of allocating the cost of intangible assets over their limited useful lives.

Amortization Is an Adjusting Entry That Records the Amount Of