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A Patent Has Amortization This Year of $2,300

Question 120

Multiple Choice

A patent has amortization this year of $2,300. The journal entry would be to:


A) debit amortization expense-patent, $2,300; credit Accumulated Depreciation-patent, $2,300.
B) debit accumulated amortization-patent, $2,300; credit patent, $2,300.
C) debit amortization expense-patent, $2,300; credit patent, $2,300.
D) debit accumulated amortization-patent, $2,300; credit amortization expense-patent, $2,300.

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