What is the term for the systematic allocation of the costs of intangible assets to expense?
A) Amortization
B) Depreciation
C) Impairment
D) Depletion

Question

Quizplus · Accepted Answer

Amortization is the process of allocating the cost of intangible assets over their useful life, which is the correct term for the systematic allocation of the costs of intangible assets to expense.

What Is the Term for the Systematic Allocation of the Costs