Amortization is the periodic transfer of an intangible's cost to expense done on a:

Question

Quizplus · Accepted Answer

Amortization is typically done on a straight-line or unit-of-production basis. Straight-line amortization means that the intangible asset's cost is spread out evenly over its useful life, while unit-of-production amortization means that the cost is spread out based on the asset's usage or output. Both methods result in a gradual transfer of the cost to expense over time. The other options listed (B, C, and D) are not commonly used for amortization of intangible assets.

Amortization Is the Periodic Transfer of an Intangible's Cost to Expense