Interested to Buy Any Domain ? << Click Here >> for more details...
What is amortization?
- 38 Answers
- 57620 Views
- Brigade, Capital IQ, Sri Ram, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / v.hemant kumar
Amortization is the pratice of writtening off the capital
expense especially the expense on intangible assets such as
copyrights, patents, goodwill( that is purchased)etc, over
a particular period of time. It should not be confused with
depreciation as depreciation is with regard to tangible
assets only. However it should be understood that this is a
book entry only & does not involve any cash outflow.It is
mainly done for income tax reduction pratice only
| Is This Answer Correct ? | 108 Yes | 2 No |
Answer / bhargava
The process of writing off an intangible asset is called as
amortization. (anybody can modify this)
| Is This Answer Correct ? | 109 Yes | 16 No |
Answer / husna
Amortization is the process of writting off an expense over
a period of time.
| Is This Answer Correct ? | 52 Yes | 10 No |
Answer / suman baba
it is the term used for calculating depreciation on
intangible assets
| Is This Answer Correct ? | 45 Yes | 8 No |
Answer / n.r.jothi narayanan
Technically speaking Amortization refers to INTANGIBLE
ASSET and Depreciation refers to TANGIBLE asset.
For example a British company invented a washing machine
with a technology of washing clothes without water.
The fall in value of this new tech. washing machine over the
years is a Depreciation.(washing machine:a tangible asset.)
The fall in value of the patent of the new technology over
the years is a process of Amortization.(patent of new techno
-logy for waterless - washing machine: an intangible asset).
N.R.JOTHI NARAYANAN,
PALAKKAD-678001
| Is This Answer Correct ? | 25 Yes | 3 No |
Answer / laxman
Dear saroja goodwill, patents, copy rights are not a
tangiable asset these are intangible assets.
The process of writing off an intangible asset is called as
amortization.
| Is This Answer Correct ? | 20 Yes | 1 No |
Answer / syed habibul alam
The paying off of debt in regular installments over a
period of time.
| Is This Answer Correct ? | 30 Yes | 18 No |
Answer / sarika
Amortization means decreasing value of intangible
assets.where depreciation is done only for tangible assests.
| Is This Answer Correct ? | 12 Yes | 1 No |
Answer / manoj tirkey
Amortization is the periodical payment of debt
| Is This Answer Correct ? | 28 Yes | 21 No |
Answer / g.upendra rao
amortization means fall in the value of assets in
intangble assets like good will prepaid expences.
| Is This Answer Correct ? | 11 Yes | 4 No |
4) What is Journal Entry of 1) Credit Sales. 2) Credit sales with Discount. 3) Credit sales with VAT. 4) Outstanding Rent paid. 5) Credit Purchase. 6) Out standing wages paid. 7) Bank over draft 8) bank charges 9) Dishonor check
9 Answers Accenture, Genpact, Wipro,
WHERE ARE ISSUE H FORM
why do you want to work here?
Choose the right answer Which of the following is Nominal account 1.Sales 2.Customer 3.Dealesrship Deposit
what is derivative?
7 Answers Angel Broking, Capital IQ,
What are the objectives of accounting
What do u mean by pass through expenses? give examples, how it will be accounted & billed?
How now about sales tax and purchase tax.what is the persentage of those thing in tamil nadu.
How can someone prepared for Syndicate Bank Interviw? Do interviewer going to ask any aptitude questions or will it be similar to other PO Interviews? Answers solicited..
Define Salry for the following purpose 1.To calculate HRA
WHAT IS TAX AUDIT? WHY & WHEN IT IS REQUIRE?
what is gross profit?
Audit 
