Under the law, written contracts are presumed to be supported by consideration.

Amortization is the ________

A) allocation of a natural resource's cost to an expense account as the resource is consumed B) allocation of an intangible asset's cost to an expense account over the asset's estimated useful life C) allocation of building and equipment cost to an expense account over the assets' estimated useful lives D) capitalization of a long-term asset's cost

The wages and salaries paid to the factory supervisor and janitors are charged to direct labor

a. True b. False Indicate whether the statement is true or false