Economics · Accounting Principles
Which of the following statements best describes amortisation?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It is a measure of the decline in the market value of an intangible asset
- 2It is a means of estimating the amount of money needed to replace the intangible asset
- 3It is a means of spreading the cost of an intangible asset over its estimated useful life✓
- 4It is a means of spreading the payment for an intangible asset over a period of years
Correct answer
It is a means of spreading the cost of an intangible asset over its estimated useful life
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