Question

Amortization ______. (Check all that apply.) Multiple select question. is calculated using the straight-line method spreads the cost of intangible assets to expense over their useful lives is used for expensing the cost of land over its useful life is in accordance with the matching principle

Answer 1

Statement that describes Amortization as regards this question are;

spreads the cost of intangible assets to expense over their useful lives.

is calculated using the straight-line method.

• Amortization can be regarded as a process involving writing down the value of either a loan or an intangible asset.

• Amortization schedules  helps in presentation of loan repayment by lenders.

Therefore, we can calculate Amortization by utilization of straight-line method.

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Answer 2

Answer:

- spreads the cost of intangible assets to expense over their useful lives

- is in accordance with the expense recognition (matching) principle

- is calculated using the straight-line method

Explanation: