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WHAT IS Amortisation??
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Answer / middevenkatesh
amortization is the written off intangible assets. e.g
,goodwill written off
| Is This Answer Correct ? | 43 Yes | 5 No |
Answer / rajesh kumar panigrahi
Amortisation and depreciation are the same concepts.
However tangible assets are depreciated,whereas intangible
assets are amortised
| Is This Answer Correct ? | 20 Yes | 0 No |
Answer / ravi.h
Amortisation is the process of written off intangible assets.
ex:goodwill,trade mark,coppy right
these are the limited useful life.Hence their cost must be
written over such perid
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / gangadhar
depreciation of intangible asset is called amortization, for
example good will written off, preliminary expenses
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / ps21
1. The provision to pay a debt over a period of time.
2. The gradual repayment of borrowings in a series of
installments.
3. A transaction or security where the principal reduces
over the life of the agreement.
4. The writing off or reduction in value of an intangible
asset over time (c.f.depreciation)
5. Allocation of the cost of an asset over its estimated
useful life
| Is This Answer Correct ? | 6 Yes | 5 No |
Answer / hari krishna
The process of writing of intangible assets is term as amortization
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / ankur bhushan
it is the term that is use for writing off the intangible assets e.g. Goodwill, patent, trademark etc.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / bibhuti bhusan naik
Amortization (or amortisation) is the process of
decreasing, or accounting for, an amount over a period.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / praveen
a revenue expenditure which is incurred in a year if it is
spread over a period of time then it is known as amortisation
| Is This Answer Correct ? | 3 Yes | 6 No |
Answer / pooja
a present value of money that has been transformed into
an eqivalent series of cash flow considering the time value
of money
| Is This Answer Correct ? | 2 Yes | 5 No |
Tell me if the company wants to enhance thier business and incured the cost on other building (like Buliding Material, Iron and Others) so we will put it in to the expenses or i have to put it into the Fixed asset land and buildin by passing this entry Land and Building (Dr) Bank/Cash/Detors) (Cr) Thanks
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