Which One of the Following Statements About Amortization Is Correct

Multiple Choice

Which one of the following statements about amortization is correct? Amortization:

A) describes the process involved in estimating the residual value of a non-current asset.
B) describes the process of spreading the cost of an intangible non-current asset over the period of its useful life.
C) is always calculated on the reducing balance basis.
D) is the term used by management accountants instead of depreciation.