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The value of which asset is amortized over some time?

20. The value of which asset is amortized over some time?

1. Tangible
2. Intangible
3. Current
4. All of the above

Answer: B) Intangible

Explanation:

Amortization of intangibles, additionally basically known as amortization, is the most common way of discounting the expense of an immaterial resource over the extended existence of the resource for duty or bookkeeping purposes. Elusive resources, like licenses and brand names, are amortized into a business ledger called amortization.