How is the balance sheet used to record amortization and why might it be useful as coupon payments are made?

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asked Apr 19, 2021 88.2k views

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Martyn Shutt · Answer 1 · 2021-04-26T10:50:08+0000

Answer:

An intangible asset's annual amortization expense reduces its value on the balance sheet, which reduces the amount of total assets in the assets section of the balance sheet. This occurs until the end of the intangible asset's useful life.

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How is the balance sheet used to record amortization and why might it be useful as coupon payments are made?

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