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What Is the Accounting Entry to Amortise an Intangible Asset

Question 56

Multiple Choice

What is the accounting entry to amortise an intangible asset over its useful life?


A) Debit amortisation expense; credit asset
B) Debit accumulated amortisation; credit amortisation of asset
C) Debit amortisation expense; credit accumulated amortisation
D) Debit amortisation expense; credit accumulated depreciation

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