Which of the following definitions fits amortization? a. Allocation of the asset's market value to expense over

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Which of the following definitions fits amortization?

a. Allocation of the asset's market value to expense over its useful life

b. Allocation of the asset's cost to expense over its useful life

c. Decreases in the asset's market value over its useful life

d. Increases in the fund set aside to replace the asset when it is worn out

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Horngrens Accounting Volume 1

ISBN: 9780135359709

11th Canadian Edition

Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol Meissner, JoAnn Johnston, Peter Norwood

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