The Entry to Record Amortization of a Customer List in the Amount

Multiple Choice

The entry to record amortization of a customer list in the amount of $4,500 is as follows:

A) Amortization (or Selling) Expense ................4,500
Customer List ...........................4,500
B) Finished Goods Inventory .....................4,500
Customer List ..............................4,500
C) Work-in-Process Inventory ................. 4,500
Customer List .......................4,500
D) Amortization (or Selling) Expense ..........4,500
Allowance for Amortization of Customer List ..............4,500
E) Work-in-Process Inventory ................ 4,500
Allowance for Amortization of Customer List ...............4,500