what is amortization?
Answers were Sorted based on User's Feedback
Answer / vinay kumar . pagidikondala
It is a process of writing of intangible assets.
pvinay0910@gmail.com
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / 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 |
Answer / srikar
gradually reduces the value of goodwill and tangible assets
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / dharmesh sati
Amortization, an accounting concept similar to
depreciation, is the gradual reduction of the value of an
asset or liability by some periodic amount (i.e., via
installment payments). In the case of an asset, it involves
expensing the item over the "life" of the item—the time
period over which it can be used. For a liability, the
amortization takes place over the time period that the item
is repaid or earned. Amortization is essentially a means to
allocate categories of assets and liabilities to their
pertinent time period.
Is This Answer Correct ? | 0 Yes | 4 No |
{in tally}in inventory info what is (stock group, stock categori, stock item,reorder levels) why we has to prepare them?
What is the Technology used to carry out trades? Pls Tell me as early as possible.
I have an interview in a software company for the post of Functional test engineer. They want the person from bcom Back ground( i am a bcome graduate 2006) and the person Should have good accounts knowledge. Now i want to know What kinds of questions they can ask or can give in written Test. I m nervous coz its been 5 years i have done bcom. So How shud i prepare for interview.Please help?
what is meant by banling reconcillation statement?
Scheme is given by a company to his distributors on sale of goods, what is the treatment of this scheme distributors hand Direct income or indirect income
what is indian currary (but not rupee) like bound etc...
how&when brs is prepared
What are premises in accounting sense? What is vat adjustment?
Explain the Depreciation, objectives for calculating the depreciation and various method for calculating depreciation
hai , please explain wherther output tax a/c comes under duties & taxes or indirect expenses?
If I give gift to somebody, then how I'll show it in my account
Explain in simple terms what is the difference between asset, equity, and liabilities?