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The process of allocating the cost of an intangible asset over its useful life is known as

The process of allocating the cost of an intangible asset over its useful life is known as
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Amortization.
  • B Depletion
  • C Extraction
  • D Depreciation
Correct Answer: Option A
Explanation:
Amortization is used for spreading the cost of intangible assets over their useful life.

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