Answered: The transfer to expense of the cost of…

The transfer to expense of the cost of intangible assets attributed to the passage of time or decline in usefulness is called amortization. True False

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The transfer to expense of the cost of intangible assets attributed to the passage of time or decline in usefulness is called amortization.

True

False

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