The systematic allocation of the depreciable amount of an intangible asset over its useful life is referred to as:
A)write- down
B)derecognition
C)depreciation
D)amortisation

Question

Quizplus · Accepted Answer

Depreciation is the term used for tangible assets, whereas amortisation is used for intangible assets. Amortisation refers to the systematic allocation of the depreciable amount of an intangible asset over its useful life. Therefore, the correct answer is D.

The Systematic Allocation of the Depreciable Amount of an Intangible