Multiple Choice
Amortization is the ________.
A) allocation of a natural resource's cost to an expense account as the resource is consumed
B) allocation of an intangible asset's cost to an expense account over the asset's estimated useful life
C) allocation of building and equipment cost to an expense account over the assets' estimated useful lives
D) capitalization of a long-term asset's cost
Correct Answer:

Verified
Correct Answer:
Verified
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