What is amortization?
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Answer / sanjay
The deduction of a capital expenses over a specific period
of time. Where depreciation calculated on tangible asset
and this term is used in intangible assets.
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Answer / nagaraju
A PROCESS OFF INTANGABLE ASSEST IS TERM AS AMORTIZATION.
FOR EXAMPLE; COPYRIGHTS, GOODWILL PATTENTRIGHTS
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Answer / s hariharan
amortization it is know as depreciation but this can
be appiled only on tangible assets.
Regards
Hari
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Answer / suresh.k.
The gradual elimination of a liability, such as a mortgage,
in regular payments over a specified period of time. Such
payments must be sufficient to cover both principal and
interest
and it is also defined as
Writing off an intangible asset investment over the
projected life of the assets.
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Answer / sanjeev joshi
A periodic payment plan to pay a debt in which the interest
and a portion of the principal is included in each payment
by an established mathematical formula. Most commonly it is
used on a real property loan or financing of an automobile
or other purchase. By figuring the interest on the
declining principal and the number of years of the loan,
the monthly payments are averaged and determined. Since the
main portion of the early payments is interest, the
principal does not decline rapidly until the latter stages
of the loan term.
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Answer / devi&suresh
the process of repayment of loan over aparticular period.
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Answer / nani
The systemic payment plan -- such as a monthly payment
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Answer / chandra reddy
amortization is the systematic depreciation of the
intangibles assets.
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Answer / murali r c
Writing off of an preliminary expenditure such as tangible
assets, its not effect the cash transaction, but it is a
book entry only for accouting purposes.
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Answer / chandu
Amortization means Systematic depreciation of Intangible assets.
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hdn Systems Pvt. Ltd., manufactures a consumer durable which passes through two processes M and N. From the following details prepare necessary process ledger accounts bringing out clearly the cost of the product at each stage. Process ‘M’ Process ‘N’ Materials (Rs.) 30,000 3,000 Labour (Rs.) 10,000 12,000 Overheads (Rs.) 7,000 8,600 Input (units) 20,000 17,500 Normal loss 10% 4% Scrap value of loss (per unit) Re. 1.00 Rs. 2.00 There is no opening or closing W-I-P or stock at processes. Final output from the process ‘N’ was 17,000 units
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