what is difference between depreciation and amortization ?
- 5 Answers
- 16086 Views
- I also Faced
- E-Mail Answers
Answer Posted / diana ann isaac
Depreciation is the process of allocating the cost of fixed
assets over the useful life of the asset in some reasonable
manner. When the fixed assets are purchased, they are
capitalized at the time of purchase, rather than expensed
and written off/depreciated over the years for which the
asset is being utilized.
Amortization is the process of writing off intangible
assets like patents, copyrights etc over the subsequent
years.
| Is This Answer Correct ? | 14 Yes | 1 No |
Post New Answer View All Answers
SOUTH ATLANTIC OIL AND GAS INC.is a fraud company
company accounts introduction?
let me know the minimum Accounting Heads in an accounting system
How to answer for the question, tell me about ur project? I mean in which format can i say?
what are the important steps to take during the conversion of an accounting system.
For how long should prepayments be carried in the books as fictitious asset and when is it ideal for a new coy to pay tax
What do you mean by Adjustment
What are the general Ledgers?
why do you think you are sutable candidate for this post
AN ESTIMATE OF ASSETS AND LIABILITIES ON AGIVEN DATE
WHAT IS THE DIFFERENCE BETWEEN COST CONTRL & COST REDUCTION
which are company offering jobs in PORTFOLIO MANAGEMENT ?
Difference between nonoperating expentiture and non cash expenditure
For the production of 10,000 units the following are the budgeting expenses: Per Unit Rs. Direct materials 60 Direct labour 30 Variable overhead 25 Fixed overhead (Rs.1,50,000) 15 Selling expenses (10% fixed) 15 Variable expenses (direct) 5 Administrative expenses (Rs.50,000 fixed) 5 Distribution expenses (20% fixed) 5 Total cost of sales per unit 160 Prepare the flexible budget for the production of 6,000 , 7,000 ,and 8,000 units of production
In IGATE, 2 yrs bond for fresher and reverent experience 1 year bond. First z essay writing. “Unforgettable movement ur life” Tiz in ITPL IGATE stopping
