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docker41 [41]
3 years ago
8

The entry to record the amortization of a patent would include a debit to __________ and a credit to __________. Amortization Ex

pense; Patents Amortization Expense; Accumulated Amortization Patents; Accumulated Amortization Patents Expense; Accumulated Amortization
Business
1 answer:
Advocard [28]3 years ago
6 0

Answer: Amortization Expense; Patents

Explanation:

The entry to record the amortization of a patent would include a debit to the amortization expense and a credit to the patents.

The journal entry will be:

Debit Amortization expenses XX

Credit Patents XX

Therefore, the correct option is A.

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