Accumulated Amortization
Code: 1238Account Information
| Financial Statement | Statement of Financial Position |
| Normal Balance | Credit |
Definition
Total accumulated amortization of intangible assets since acquisition date
Common Journal Entries
Dr. Amortization Expense
Cr. Accumulated Amortization
Dr. Accumulated Amortization
Cr. Intangible Assets
Dr. Amortization Expense
Cr. Accumulated Amortization
Dr. Accumulated Amortization
Cr. Intangible Assets
Dr. Amortization Expense
Cr. Accumulated Amortization
Dr. Accumulated Amortization
Cr. Intangible Assets
Dr. Amortization Expense
Cr. Accumulated Amortization
Dr. Accumulated Amortization
Cr. Intangible Assets
📐 IFRS vs US GAAP Accounting Treatment
❓ Frequently Asked Questions
A: A contra-asset account shown as a deduction from intangible asset cost (patents, software, trademarks, licenses), representing total accumulated amortization.
A: Usually using the straight-line method over the expected useful life (e.g., 5-20 years depending on the asset type).