Is accumulated amortization an asset

• [DOCX File]ACC 101

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  2011 Nov. 3 Accumulated Amortization, Capital Asset (old) 65,000 Capital Asset (new)1 177,000 Capital Asset (old) 150,000 Cash 90,000 Gain on Disposal2 2,000 To record exchange of capital assets. Capital Asset (new) = Fair Value of Assets Given Up = $87,000 + $90,000 = $177,000

  where does accumulated amortization go

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• [DOC File]Chapter 9

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  General Journal Page 1 Date Account Title P.R Debit Credit 20-- Adjusting Entries Dec 31 Depreciation Expense—name of asset 1,000.00 Accumulated Depreciation—name of asset 1,000.00 The depreciation expense is reported on the income statement and accumulated depreciation is reported as a deduction from plant assets on the balance sheet.

  accumulated amortization journal entry

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• [DOC File]Chapter 16 Accounting for Plant Assets and Depreciation

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  Goodwill-financial reporting considerations Cabot Corporation's balance sheet at December 31, 2009, includes an asset entitled goodwill in the amount of $900,000, net of accumulated amortization. (a) Briefly explain what is meant by the term goodwill.

  amortization on balance sheet

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• What Is an Accumulated Amortization? (with pictures)

  To record amortization of an intangible asset, a company increases (debits) Amortization Expense, and decreases (credits) the specific intangible asset. (Unlike depreciation, no contra account, such as Accumulated Amortization, is usually used.) Intangible assets are typically amortized on …

  accumulated amortization account type

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• [DOC File]CHAPTER 9

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  Accumulated Amortization. c. Accumulated Depreciation. d. Patents. 62. Cost allocation of an intangible asset is referred to as. a. amortization. b. depletion. c. accretion. d. capitalization. 63. Depreciable cost is the. a. book value of an asset less its salvage value. b. cost of an asset less its salvage value. c. cost of an asset less ...

  accumulated depreciation and amortization

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• [DOC File]Accounting for Plant Assets

  https://info.5y1.org/is-accumulated-amortization-an-asset_1_993fb1.html

  To record amortization of an intangible asset, Amortization Expense is increased (debited), and the specific intangible asset is decreased (credited). (Unlike depreciation, no contra account, such as Accumulated Amortization, is usually used.) Intangible assets are typically amortized on a straight-line basis. For example, the legal life of a ...

  accumulated amortization example

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