Answer Posted / vaheeduddin.md
Amortization usually refers to spreading an intangible
asset's cost over that asset's useful life. For example, a
patent on a piece of medical equipment usually has a life
of 17 years. The cost involved with creating the medical
equipment is spread out over the life of the patent, with
each portion being recorded as an expense on the company's
income statement.
Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
what is the last date of deposit TDS on liability for the assessment year 2010-11
Who created snapit accounting?
Please provide me the entire format of P.F. & ESI
What are the activities that are included in the cash flow statement?
what is the entry of credit card received excess amount entry in tally and their under group names
what is the minimum & maximum amount paid by company per day
What are the differences between contrast bookkeeping and accounting
what is the limit of cash payment in a manufacturing firm and job work related work and how much we paid to the job worker cash payment in financial year Aslam
what is the primary of for-profit organisation
how to pass entry in tally Rs 50000 cheque paid to son by father
What does overhead mean in regards to accounting?
How Can We Differ Horizental & Vertical Balace Sheet? Explain.
What is meant by partitioning?
Describe a time when you have not met your goal?
Is it necessary after every journal entry to show its treatment in P&L a/c? Eg. if I am asked to show journal entry of purchasing furniture & fixture on 1st Aug 06, i.e. Furniture & fixture a/c Dr. To cash/bank a/c Along with this, I have to pass following journal entry on 31st Mar 07?? P&L a/c Dr. To Furniture & fixture a/c