What is amortization?

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What is amortization?..

Answer / v.hemant kumar

Amortization is the pratice of writtening off the capital
expense especially the expense on intangible assets such as
copyrights, patents, goodwill( that is purchased)etc, over
a particular period of time. It should not be confused with
depreciation as depreciation is with regard to tangible
assets only. However it should be understood that this is a
book entry only & does not involve any cash outflow.It is
mainly done for income tax reduction pratice only

Is This Answer Correct ?    108 Yes 2 No

What is amortization?..

Answer / bhargava

The process of writing off an intangible asset is called as
amortization. (anybody can modify this)

Is This Answer Correct ?    109 Yes 16 No

What is amortization?..

Answer / husna

Amortization is the process of writting off an expense over
a period of time.

Is This Answer Correct ?    52 Yes 10 No

What is amortization?..

Answer / suman baba

it is the term used for calculating depreciation on
intangible assets

Is This Answer Correct ?    45 Yes 8 No

What is amortization?..

Answer / n.r.jothi narayanan

Technically speaking Amortization refers to INTANGIBLE
ASSET and Depreciation refers to TANGIBLE asset.

For example a British company invented a washing machine
with a technology of washing clothes without water.
The fall in value of this new tech. washing machine over the
years is a Depreciation.(washing machine:a tangible asset.)

The fall in value of the patent of the new technology over
the years is a process of Amortization.(patent of new techno
-logy for waterless - washing machine: an intangible asset).

N.R.JOTHI NARAYANAN,
PALAKKAD-678001

Is This Answer Correct ?    25 Yes 3 No

What is amortization?..

Answer / laxman

Dear saroja goodwill, patents, copy rights are not a
tangiable asset these are intangible assets.

The process of writing off an intangible asset is called as
amortization.

Is This Answer Correct ?    20 Yes 1 No

What is amortization?..

Answer / syed habibul alam

The paying off of debt in regular installments over a
period of time.

Is This Answer Correct ?    30 Yes 18 No

What is amortization?..

Answer / sarika

Amortization means decreasing value of intangible
assets.where depreciation is done only for tangible assests.

Is This Answer Correct ?    12 Yes 1 No

What is amortization?..

Answer / manoj tirkey

Amortization is the periodical payment of debt

Is This Answer Correct ?    28 Yes 21 No

What is amortization?..

Answer / g.upendra rao

amortization means fall in the value of assets in
intangble assets like good will prepaid expences.

Is This Answer Correct ?    11 Yes 4 No

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