Which of the following typically refers to the process of allocating the cost of long-term intangible assets used in the business over future periods?
A) Depreciation.
B) Amortization.
C) Depletion.
D) Impairment.

Question

Quizplus · Accepted Answer

Amortization typically refers to the process of allocating the cost of long-term intangible assets used in the business over future periods. Depreciation is used for tangible assets, depletion is used for natural resources, and impairment refers to a decline in the value of an asset that is not related to its use over time.

Which of the Following Typically Refers to the Process of Allocating