Questions and Answers
Charging amortization allows a business to accumulate the cost of tangible current assets over time.
False
Amortization is a method used by businesses to allocate the expense of intangible non-current assets over multiple accounting periods.
True
Non-current assets are not subject to amortization in financial statements.
False
Intangible assets are always amortized in equal installments over their useful life.
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The purpose of amortization is to reflect the consumption of intangible assets in financial statements.
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