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what is amortization
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Answer / nagarjunamfm@gmail.com
it is a process of writing off intangible assets.
| Is This Answer Correct ? | 11 Yes | 1 No |
Answer / sejal
Generally we calculate Depriciation on Fixed assets....but
we can not calculate depriciation on Intingible assets like
patent ...so we calculate amortization on it...
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / harish
its writing of the cost of an asset or investment over its
useful life. Amortisation is liked with intangible asset----
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / ramesh.valabellary
Reduction in value of intangeble assets like goodwill.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / nagaraju tungapati
Amortization is the process of writing off of an intangible
assets like which we can't see but when covert into the
value of money it is value i.e goodwill.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / svkavani
Amortization is a method of write down Fixed Assets over its useful life.For instance You can not depreciate Patent so we Amortize it.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / samba shiva
its just like a paying back money in instaulments on a loan
taken
| Is This Answer Correct ? | 0 Yes | 2 No |
Answer / rakesh
amortization means it just like the repayment of loan in
installmets to my understanding amortization is what i have
said.
| Is This Answer Correct ? | 2 Yes | 12 No |
how depreciation can be post in tally? for ex : dep on land & buildings (in which vocher we can post it)
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