The entry to record amortization of the acquisition cost of an intangible asset includes a credit directly to the intangible asset account.

Name: The entry to record amortization of the acquisition cost of an intangible asset includes a credit directly to the intangible asset account.
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Amortization of an intangible asset involves reducing the carrying amount of the intangible asset over its useful life, and this reduction is typically recorded by crediting the intangible asset account directly.

The Entry to Record Amortization of the Acquisition Cost of an Intangible