Amortization expense:
A) is the title of the expense associated with natural resources.
B) is recorded for intangible assets with a finite life.
C) is recorded for assets with an indefinite life.
D) cannot be credited directly to the asset account.

Question

Quizplus · Accepted Answer

Amortization expense is recorded for intangible assets with a finite life, such as patents, copyrights, and trademarks. It represents the periodic allocation of the cost of these assets over their useful lives.

Amortization Expense