the journal entry to record the amortization of intangible assets is a debit accumulated amortization, credit...

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

Solutions

Expert Solution

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.

ekkarill92 answered 1 year ago

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