Interested to Buy Any Domain ? << Click Here >> for more details...
what is difference between depreciation and amortization ?
- 5 Answers
- 18052 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / mohd. nazar - kuwait
Depreciation is using on tangable assets, but amortization
is on intangable asset i.e. patient.
| Is This Answer Correct ? | 37 Yes | 7 No |
Answer / diana ann isaac
Depreciation is the process of allocating the cost of fixed
assets over the useful life of the asset in some reasonable
manner. When the fixed assets are purchased, they are
capitalized at the time of purchase, rather than expensed
and written off/depreciated over the years for which the
asset is being utilized.
Amortization is the process of writing off intangible
assets like patents, copyrights etc over the subsequent
years.
| Is This Answer Correct ? | 14 Yes | 1 No |
Answer / manish sharma
Depreciation: Depreciation is the value of fixed assets
which is utilised in to a company or any other entities for
a financial year. It is calculated as per income tax law
and as per company law.
Amortisation: Amortisation is the portion of preliminary
exp. or other capitalised exp. which is spread over a
period of years which is fixed by company law and others
time to time.
| Is This Answer Correct ? | 17 Yes | 9 No |
Answer / chandrasekhar
depreciation means the value gradually decrease on tangible
assets and amortization means the value gradually decrease
on intangible assets.
| Is This Answer Correct ? | 9 Yes | 4 No |
Answer / ankur parwal
Amortaization is used for writing of capital expenditures
that do not create any asset (Eg. repayment of debt, debt
amortaisation) or for deffered revenur expenses. is usually
for intangibles.
while
Depriciation is used to reduce the vale of the asset by the
amount by which it is used over the period. and is always
for a tangible asset.
| Is This Answer Correct ? | 3 Yes | 2 No |
What are the steps involved in converting the trail balance of a foreign branch? Explain the steps involved in incorporating the foreign branch trail balance in HO books
Expand---------MTRS
Short answer on _______Amendment
Diffrence between cost, financial and management accounting
WHAT IS BANK RECONCILIATION STATEMENT? DIFFERENCE BET PUBLIC COMPANY AND PRIVATE COMPANY? MEMBERS IN PUBLIC CO AND PRIVATE COMPANY? WHAT IS DEPRECIATION?
What is Consolidated Statements
Is the the invoice number and voucher no will be same most of the time or it should be same?
Short Answer on -----Working capital
what is meant by virus
3 brothers living together.50 coconuts giving to first person.25 coconuts giving to second person, 10 coconuts giving to third person and they have to sell one c oconut each morning and evening.after sold the coconut they have to get the equal share from that coconut money.how can i calculate this puzzle please hwelp me?
What Do You Mean By A Business Event?
how many accounting standards in india and also world wide
Audit 
