Define Amortization & Impairment?

Answer Posted / afridi

1. The paying off of debt in regular installments over a
period of time.

2. The deduction of capital expenses over a specific period
of time (usually over the asset's life). More specifically,
this method measures the consumption of the value of
intangible assets, such as a patent or a copyright.

impairment
Reduction in a firm's capital as a result of distributions
or losses.

Is This Answer Correct ?    32 Yes 8 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Is Service Tax chargable by Real Estate devlopers to be charged on the entire cost of the property or only on the service conent of the cost and not on the cost of land and cost of construction material? Can the developers demand Service Tax on installments paid by the buyers before the real sale takes place?

2653


How to calculate sales tax ?

1230


How to make a bill of software sale with service tax?

1778


WHAT IS THE DEPREATION RATE FOR COMPANY, EXPLAIN DETAILD WITH EXAMPLE & ENTERY , PLEASE GIVE ME THE DETAIL OF IT ON MY E.MAIL sonidilip87@yahoo.com

1703


ie it possible to charge WHT and VAT on one trancaction? if yes,kindly explain the dynamics/working of both taxes

1673






Dearlers Margin Received for Direct sale from our Creditor, that TDS deducted for us. How to accounting in my records in Tally ERP 9

1232


What do you mean by fair rent?

688


I AM SAKTHIVEL,MY QUESTION IS 1.WHAT ARE THE LEDGER TO BE MAINTAINED FOR SERVICE TAX 2.KINDLY EXPLAIN WITH EXAMPLE FOR PURCHASE ALONG WITH SERVICE TAX 3.SALES ALONG WITH SERVICE TAX 4.IN TALLY E.R.P HOW I GROUP THE LEDGER 5.GIVE NECESSARY JOURNAL ENTRY FOR ALL SERVICE TAX RELATED TRANSACTION 6.ANY OTHER IMPORTANT NOTE U WISH TO INFORM ME 7.HOW I CROSS CHECK IT ### PLEASE HELP ME REGARDS SAKTHIVEL

1711


What is the procedure to take modvat and its form number

2072


What is US Tax Accounts? Can I get any information where from I take full knowledge about US Taxation?

1744


How to calculate entry tax ??(In karnataka) Pls advice me complete computation details.

8082


Pls give a details knowledge of Income Tax (including TDS, TCS)duty paid online form no., due date, return form no. and due date, limit of turnover for auditing, procedure of auditing and income tax depreciation, etc.

1609


i have paid P-TAX ( employee ) in EC code & P- TAX ( COMPANY)paid in RC code.how can i solve this poblem?

2818


my manufacture company established in Excise exempted Area. and we pay freight to transpoter.& also deduct service tax.what will be the entry of this transaction. can i adjust this service tax payable from input service tax of telephone bill.

1519


what is the difference between vat 100 and vat 120?

2043