amandaellis325 amandaellis325

19-09-2017
Advanced Placement (AP)

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The process of writing off an intangible asset is A. depreciation. B. depletion. C. amortization. D. None of the above

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Greenleafable Greenleafable

23-09-2017

The correct answer is C. amortization. It is a term commonly used in accounting to describe a the process of allocating the cost of an intangible asset over a period of time, but it is also used to describe the repayment of loan principal over time.

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