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The Correct Entry to Record the Annual Amortization Expense for a Capital

Question 47

Short Answer

The correct entry to record the annual amortization expense for a capital asset is: a.
Dr. Accumulated amortization Cr. Amortization expense b. Dr Amortization expense Cr. Accumulated amortization c. Dr. Accumulated amortization Cr. Capital asset  d. Dr. Amortization expenseCr. Capital asset \begin{array} { l } \text {Dr. Accumulated amortization }\\ \quad\quad\text {Cr. Amortization expense }\\ \text {b. Dr Amortization expense }\\ \quad\quad\text {Cr. Accumulated amortization }\\ \text {c. Dr. Accumulated amortization }\\ \quad\quad\text {Cr. Capital asset }\\ \text { d. Dr. Amortization expense}\\ \quad\quad\text {Cr. Capital asset }\\\end{array}

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