The term "Amortization" is used for which kind of Assets? 1. Fixed Assets 2. Current Assets 3. Intangible Assets

And the Correct Answer is 

Intangible Assets! Clapsssss

Yes its intangible assets

Amortization is used for the depreciation of Intangible Assets

Intangible assets

#3 It is in effect the depreciation of intangible assets

Amortization use for Intangible Assets (Other than goodwill / Trade Mark / Brand Name)

Intangible Assets

Amortization is used to depreciate Intangible Assets.
Intangible assets are recorded initially as an asset but their useful life may be limited, such as in the case of a license or patent.
In that case, periodically the cost of the asset is turned to expense to show the correct value of the business.
When recording amortization, amortization expense is debited and accumulated amortization is credited.

INTANGIBLE ASSETS

intangible assets

Intangible Assets