Which of the following terms is used to identify the expense recognition for intangible assets?
A) amortization.
B) depletion.
C) depreciation.
D) allocation.

Question

Quizplus · Accepted Answer

Amortization is the process of allocating the cost of intangible assets over their useful lives, which is similar to the depreciation of tangible assets. Therefore, A is the correct answer. Depletion is used to identify the expense recognition for natural resources, and depreciation is used for tangible assets. Allocation can refer to the process of allocating costs, but it is not specific to intangible assets.

Which of the Following Terms Is Used to Identify the Expense