Interested to Buy Any Domain ? << Click Here >> for more details...
What is Amortisation? What is the difference between
depreciation and amortisation?
- 2 Answers
- 6921 Views
- Wipro, I also Faced
- E-Mail Answers
Answer Posted / b.thirupathi
Amortization usually refers to spreading an intangible
asset's cost over that asset's useful life. For example, a
patent on a piece of medical equipment usually has a life of
17 years. The cost involved with creating the medical
equipment is spread out over the life of the patent, with
each portion being recorded as an expense on the company's
income statement.
Depreciation, on the other hand, refers to prorating a
tangible asset's cost over that asset's life. For example,
an office building can be used for a number of years before
it becomes run down and is sold. The cost of the building is
spread out over the predicted life of the building, with a
portion of the cost being expensed each accounting year.
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
in insolvency we have to prepare deficiency account but why we do not prepare this account as per general principle i.e Dr Cr To By etc , and deficiency account is which account?
What is the depreciation rates for all the assets?like plant & Machinery,computers,software,land & buildings
Explain what is accrual accounting?
How to Automate requirment mapping in QC?
what is loan operations and what are the complete process form from making customer to closure of loan
What are source documents in accounting?
Tell me how you can adjust entries into account?
1.what is the entry of petrol of payment made by credit card of owner? 2.what is the entry of petrol of payment made by credit card of Company?
Under Accrual Accounting, How Are Worker Comp Premiums Handled?
What is balance sheet and off balance sheet?
Why some asset accounts have a credit balance?
Tell me deferred taxation is a part of which equity?
What is fiduciary accounting?
i am trying to set up a recurring reversing journal in Oracle GL, my problem is i have income balance of £30k that i only want to show 1/12th in a period over 12 months. can any one help me set it up . i want to show P01-13 opening balance £30k less £27500 P02-13 reverse P01-13 journal P02-13 opening balance £30k less £25000 etc. or does anyone know of another way it can be done automatically every month.
Where I can Found Cost Reduction Techniques Implemented by Various cement Companies
