Advanced Accounting
12th Edition
ISBN: 9781305084858
Author: Paul M. Fischer, William J. Tayler, Rita H. Cheng
Publisher: Cengage Learning
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Chapter 11, Problem 11.4P
To determine
Amortization Amortization is an accounting technique used to periodically lower the book value of a loan or intangible assets over a set period of time. It is a process of writing down the value of intangible assets.
:Preparation of necessary entries to eliminate K’s investment in S’s account at the year-end 2015 and record the amortization on relevant items of cost in excess of book value.
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