On the balance sheet,accumulated amortization is:

Question

Quizplus · Accepted Answer

Accumulated amortization represents the amortization expense accumulated over time for certain assets, such as intangible assets. It is subtracted from the related asset, such as intangible assets, on the balance sheet to show the net book value of the asset. Therefore, it reduces the value of property and equipment on the balance sheet. Thus, option B is correct. Accumulated amortization is not added to total liabilities, so options A, C, and D are incorrect.

On the Balance Sheet,accumulated Amortization Is