depriciation is the reduction in the value of asset due to 
wear and tear use,lapse of time, obsolence and depletion 
whereas amortisation is used for only intangible assets 
such as patents,copy rightetc  
THE VARIOUS METHODS OF DEPRICIATION ARE 
STRAIGHT LINE METHOD 
DIMNISHING BALANCE METHODS
ETC

Amotization refer to the fall in the value of intangible 
assets. Eg- Goodwill,Patents,Copy rights etc
Depreciations refer to the fall in the value of tangible 
assets. Eg-Machinary,Building etc

Amortize means Repayment of a loan by installments; an 
accounting procedure allowing gradual repayment 
(retirement) of a debt by means of systematic payments of 
principal and interest over a period of the estimated life 
of the asset on which the loan is made or secured. For 
FIXED ASSETS, DEPRECIATION is the allowance for wear-out. 
For natural resources, DEPLETION is the allowance for the 
wasting away of the asset.

DEPRECIATION is An accounting term for the cost recovery of 
REAL PROPERTY and PERSONAL PROPERTY; the EXPENSE deduction 
on an INCOME STATEMENT allowing for gradual wearout of a 
FIXED ASSET; AMORTIZATION of a fixed asset. The duration of 
the depreciation period approximates the useful life of the 
asset. Commonly used methods of depreciation include 
STRAIGHT-LINE DEPRECIATION; ACCELERATED DEPRECIATION; 
ACCELERATED COST RECOVERY SYSTEM; DECLINING-BALANCE METHOD; 
SUM-OF-THE-YEARS-DIGITS METHOD.