Amortization

Multiple Choice

Amortization:

A) Is the systematic allocation of the cost of an intangible asset to expense over its estimated useful life.
B) Is the process of allocating to expense the cost of an item of property, plant and equipment to the accounting periods benefiting from its use.
C) Is the process of allocating the cost of natural resources to periods when they are consumed.
D) Is an accelerated form of expensing an asset's cost.
E) Is also called depletion.