What is the difference between Depriciation and amortization?

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What is the difference between Depriciation and amortization?..

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

What is the difference between Depriciation and amortization?..

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

What is the difference between Depriciation and amortization?..

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

What is the difference between Depriciation and amortization?..

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

What is the difference between Depriciation and amortization?..

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

What is the difference between Depriciation and amortization?..

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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