Which of the following terms is used to identify the expense recognition associated with intangible assets?
A)Allocation
B)Depletion
C)Depreciation
D)Amortization

Name: Which of the following terms is used to identify the expense recognition associated with intangible assets? A)Allocation B)Depletion C)Depreciation D)Amortization
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Question

Quizplus · Accepted Answer

The costs of intangible assets with identifiable useful lives are normally expensed on a straight-line basis using a process called amortization.

Which of the Following Terms Is Used to Identify the Expense