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WHAT IS Amortisation??
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Answer Posted / 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 |
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