s3- Amortization is O the systematic allocaton of the cos of an intangible asset to expense over ns estimated usetul itre the process of allocating to expense the cost of a plant asset to the accounung penods benetirg O the process of allocatung the cost of natural resources to penods when they are consumed O an accelerared form of expensing an assets cost. O aiso called deplerion 54. All of the folowing satemens regerding isofities ere tre ecigt iablity's e probable future peymet of assers or services O unearned fiture wages to be peic to O for e lablity to be reponted. t must e preset oligation totress tio es renacion ar evert and nequr s aepeymet of ssets ar vicen O information ebout ebites s more usul when the ba ince shee detfies then oserer aurment rling tem lablites can Imvove uncenainty in whom to pay 55. Obligations to be paid within one year or the company's operauing cycle, whichever is longer, are. O current assers O current liabilimes. O earned revenues O operating cycle liabilities. bills. 21