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The process of writing off an intangible asset is A. depreciation. B. depletion. C. amortization. D. None of the above

The process of writing off an intangible asset is A. depreciation. B. depletion. C. amortization. D. None of the above
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The process of writing off an intangible asset is A. depreciation. B. depletion. C. amortization. D. None of the above

User Martin Quinson
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The correct answer is C. amortization. It is a term commonly used in accounting to describe a the process of allocating the cost of an intangible asset over a period of time, but it is also used to describe the repayment of loan principal over time.
User Mikea
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