QUESTION 17Which of the following is the most likely journal entry to record the amortisation of an intangbie asset.to Debit - Finance costsCredit - Intangible assetDebit - Intangble assetCredit - Administration costsDebit - Intangible assetCredit - CashDebit - Cost of salesCredit - intangible anset

Amortization of Intangible Assets:- it means expensing the total cost of Intangible assets such as…

QUESTION 17 Which of the following is the most likely journal erry to record the amortisation of an intangbie aet. O Debit- Finance costs Credit intangible asset O Debit - Intangble asset Credit - Administration costs O Debit - Intangible asset Credit- Cash Debit- Cost of sales Credit - intangible aset

QUESTION 17 Which of the following is the most likely journal erry to record the amortisation of an intangbie aet. O Debit- Finance costs Credit intangible asset O Debit - Intangble asset Credit - Administration costs O Debit - Intangible asset Credit- Cash Debit- Cost of sales Credit - intangible aset

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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