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What is amortization?
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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 |
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 |
Answer / husna
Amortization is the process of writting off an expense over
a period of time.
| Is This Answer Correct ? | 52 Yes | 10 No |
Answer / suman baba
it is the term used for calculating depreciation on
intangible assets
| Is This Answer Correct ? | 45 Yes | 8 No |
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 |
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 |
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 |
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 |
Answer / manoj tirkey
Amortization is the periodical payment of debt
| Is This Answer Correct ? | 28 Yes | 21 No |
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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