whaich accurately describes amortization? A Method under macrs to determine the portion of the year to...

whaich accurately describes amortization? A Method under macrs to determine the portion of the year to depreciate property both in year placed in service and when disposed B. a method in macrs to expense cost usually paid by buye to research title of real propety C. method in macrs to expense the original cost of property plus certain additions and improvements minus certain deductions as depreciation and casuaty losses D a ratable deduction for the cost of intangible property over its useful life

Expert Solution

The Answer is a ratable deduction for the cost of intangible property over its useful life

Amortization is a tool which helps in lower its cost of intangible items based on certain estmations of its useful life. It help in accounting for accurate reporting of profit and also taxation purpose to calculate the taxable income as amorization is allowable as deduction.

Amortization is like depreciation and depletion, however depreciation is used for tangible assets and Depletion for natural resources. Amortization is for intangible assets.

ekkarill92 answered 2 years ago

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