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what is the difference between depreciation and
amortnisation
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Answer / sasi
Depreciation is the dimnution of asset value due to
obsolescence, effluxion of time, etc..,. Only tangible
assets can be depreciated.
Writing off an intangible assets fall under amortization.
example ---Patents, trademark, copyright, etc.,
| Is This Answer Correct ? | 32 Yes | 4 No |
Answer / satish kumar maurya
Depreciation is the lessness in value of an assets by there
normal wear and tear and absulate.
Writing off an intangible assets fall under amortization.
example ---Patents, trademark, copyright, etc.,
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / lipsa pati
depreciation :the gradual degradation in the value of
physical assets due to wear and tear or technical
obsolescence etc.
amortization :the cancellation of non-physical assets like
patents and copyrights due to maturity, non-renewal or legal
restriction.
| Is This Answer Correct ? | 3 Yes | 0 No |
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