The recording of amortization of intangibles generally results in a
A)credit directly to the asset account that is being amortized.
B)debit directly to the asset account that is being amortized.
C)credit a contra-asset account called Accumulated Amortization.
D)debit a contra-asset account called Accumulated Amortization.
E)none of the above

Question

Quizplus · Accepted Answer

The Answer of The recording of amortization of intangibles generally results in a
A)credit directly to the asset account that is being amortized.
B)debit directly to the asset account that is being amortized.
C)credit a contra-asset account called Accumulated Amortization.
D)debit a contra-asset account called Accumulated Amortization.
E)none of the above

The Recording of Amortization of Intangibles Generally Results in a