Which of the following statements is correct?
A. Amortization allocates the cost of tangible assets over their useful lives.
B. Depreciation allocates the cost of tangible assets over their useful lives.
C. The term "depreciation" relates to all long-lived assets whereas "amortization" relates only to intangible assets.
D. Depreciation allocates the cost of intangible assets over their useful lives.
Answer: B
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A recommended way to make better use of time is to catch up on phone calls while eating
Indicate whether the statement is true or false.
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Fill in the blank(s) with correct word