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What is the difference between Depriciation and amortization?
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Answer / uma
Amortization usually refers to spreading an INTANGIBLE
ASSET's cost over that asset's useful life and Depreciation
refers to writing down the value of the TANGIBLE ASSETS till
the end of its estimated life.
| Is This Answer Correct ? | 16 Yes | 0 No |
Answer / narasimha rao
AMORTIZATION IS THE REDUCE THE VALUE OF INTANGEBLE ASSETS
REDUCTION THE VALUE OF FIXED ASSET DUE TO USE ,LEASE THESE
CALLED DEPRICIATION
| Is This Answer Correct ? | 11 Yes | 0 No |
Answer / b.narasimha rao
deprication is the reduction the value of the fixed assets
due to use ,lease
amortization is the reduction the value of intangeble
assets such as goodwill,trademark,patents.
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / chittibabu
Depriciation: Writting off fixed assets due to the wear and
tear, laps of time and accident.
Amortization: wrtting off intangible assets
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / nareshbablu
depreciation is decrease the value of fixed assets due to wear and tare
amortization is reduction the value of intangible assets such as patent,trademark,copyright,goodwill etc,,,
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sunny
Depreciation is reduction in the value of FIXED ASSESTS
which occurs due to use or lease.Depreciation is charged
only if the assest is put to use.
Amortization is utilizing the funds used for starting up the
business for tax purpose. For tax entire amount spend in
starting in business is not allowed. It needs to be
amortized for a period of 180 months under section 709(b) of
IRS.
| Is This Answer Correct ? | 1 Yes | 4 No |
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