The accounting process of allocation cost of intangible assets is called?
غیر محسوس اثاثوں کی مختص لاگت کے حساب کتاب کے عمل کو کہا جاتا ہے؟
- Residual Value
- Going concern
- Depletion
- Amortization
Explanation
The accounting process of allocating the cost of intangible assets to expense over their useful life is called amortization.
Purpose: It matches the cost of an intangible asset with the revenue it generates over time.
Related MCQs
MCQs will be added soon
