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faust18 [17]
3 years ago
13

Amortization is:Select one:A. The process of allocating to expense the cost of a plant asset to the accounting periods benefitin

g from its use.B. The systematic allocation of the cost of an intangible asset to expense over its estimated useful life.C. The process of allocating the cost of natural resources to periods when they are consumed.D. An accelerated form of expensing an asset's cost.E. Also called depletion.
Business
1 answer:
Anvisha [2.4K]3 years ago
4 0

Answer:

The correct answer is option B.

Explanation:

Amortization is a technique used in accounting. It involves the process of spreading payment over multiple periods. In accounting, amortization refers to the allocation of the cost of intangible assets over its lifetime.

For instance, amortization of a loan means spreading the interest and principal of the loan over its lifetime. It means fixed monthly payments of interest and principal.  

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PLEASE HELP ASAP!!! (There are 4 Questions)
Ivanshal [37]

1. A guaranteed loan is a loan that a third party guarantees – or assumes the debt obligation for – in the event that the borrower defaults. If a co-signer is on the loan, if the main party defaults the co-signer becomes responsible for the loan.

2. I could ask family members as a last resort for financing.

3. The annual exclusion for 2014, 2015, 2016 and 2017 is $14,000. For 2018 and 2019, the annual exclusion is $15,000.

4. line of credit loan will help protect a business in case of emergency. It is an open loan that the business can draw from when it needs more money, and pay it back. Unlike installment loans, once the principal is paid the line stays open for use in the future without the need to reapply each time.

3 0
3 years ago
Read 2 more answers
The _____ motive encourages entrepreneurs to start businesses, expand existing one, create new products or improve existing ones
NeTakaya

Answer:

b

Explanation:

the profit motivate anyone to make their own businesses

4 0
3 years ago
Longview Manufacturing Company manufactures two products (I and II). The overhead costs ($60,500) have been divided into three c
Mila [183]

Answer:

a. $8,000.

Explanation:

The computation of the amount of overhead cost assigned to the product I is shown below:

= $40,000 ÷ 2,500 × $500

= $8,000

Hence, the amount of overhead cost assigned to the product I is $8,000

Therefore the correct option is a.

7 0
3 years ago
Why are medical related professions and human resources important?​
Orlov [11]

Answer:

because sometimes they help us to get some medicine which can be used to cure a particular disease

6 0
4 years ago
Average world income began to increase rapidly during:
Aloiza [94]

Answer:

The industrial revolution

Explanation:

The industrial revolution which is also known as the first industrial revolution during the 18th century is referred to the transition of industries in a new advanced manufacturing process in the United States and Europe.  

It is said in many research that the time of the industrial revolution is very harsh for workers and other labor category but it improves the standard of living of people of that time which is due to an increase in wages.

4 0
4 years ago
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