Interested to Buy Any Domain ? << Click Here >> for more details...
What is amortization?
- 38 Answers
- 56292 Views
- Brigade, Capital IQ, Sri Ram, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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 |
What is the value of inventory as per Financial Accounts (AS2) and as per Cost accounts? Someone told me that as per cost accounts only works costs is considered in CARR while for FA, AS2 is followed with cost or NRV whichever is lowewr? Please explain the difference.
what is cnc machine hour rate? how it is calculated?
Expand--------CMTS
Expand R A (Allowance in Railways)
ER-1, ER-2,ER-3,ER-4,ER-5,ER-6,ER-7 plz tell me use of these excise form
0 Answers Delight Auto Industries,
Expand ------BPS
EXPAND_______________TUDA
what happens if LIFO Price Increases?
what is the difference between cost centre and bussiness centre?
On which part we should give more attention while preparing balence-sheet.
what is the use of accounting standards
How many types of Purchase Orders?
8 Answers DigiHome, Genpact, Mulpuri Group, Richa,
Audit 
