In: Accounting
the journal entry to record the amortization of intangible assets is
a debit accumulated amortization, credit amortization expense
b debit amortization expense, credit the intagible asset
c debit amortization expense, credit accummulated amortization
d both B and C correct
Option D
Dr - Amortization expenses
Cr - Accumulated amortization/Intangible asset.
Some companies use contra asset account to the depreciation and some companies amortize the asset directly.