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Which of the following accounting methods is generally used to compute amortization expense?
A. first-in, first- out
B. declining-balance
C. straight-line
D. units-of-production
Select your answer
♦ Relevant knowledge
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Intangible tangible assets and fixed assets and natural resources come with distinct methods of allocating cost of the asset to expenses accounts. Amortization is the name employed for intangible assets, whereas Depletion can be used to describe natural resources.
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