When a patent is amortized, the credit is usually made to
A)the Patent account.
B)an Accumulated Amortization account.
C)a Deferred Credit account.
D)an expense account.

Name: When a patent is amortized, the credit is usually made to A)the Patent account. B)an Accumulated Amortization account. C)a Deferred Credit account. D)an expense account.
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Question

Quizplus · Accepted Answer

The credit is usually made to the Patent account to reduce its book value over time as it is amortized.

When a Patent Is Amortized, the Credit Is Usually Made