The entry to record amortization on a copyright would include:
A)A debit to amortization expense.
B)A debit to accumulated amortization.
C)A debit to copyright.
D)A credit to amortization expense.

Question

Quizplus · Accepted Answer

Amortization expense is recognized by debiting the amortization expense account, reflecting the expense associated with the use of the intangible asset (in this case, a copyright) over its useful life. This decreases net income and equity on the income statement.

The Entry to Record Amortization on a Copyright Would Include