Which expense reduces the life of an intangible asset?

Name: Which expense reduces the life of an intangible asset?
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Question

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Amortization is the process of expensing the cost of an intangible asset over its useful life. This reduces the value of the asset over time until it reaches zero, hence reducing the life of the asset. Depreciation and accelerated depreciation are methods used to reduce the value of tangible assets over time, and Capex refers to the expenditure required to acquire or upgrade an asset.

Which Expense Reduces the Life of an Intangible Asset