Interested to Buy Any Domain ? << Click Here >> for more details...
What is the difference between Depriciation and amortization?
- 6 Answers
- 12354 Views
- Deloitte, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / uma
Amortization usually refers to spreading an INTANGIBLE
ASSET's cost over that asset's useful life and Depreciation
refers to writing down the value of the TANGIBLE ASSETS till
the end of its estimated life.
| Is This Answer Correct ? | 16 Yes | 0 No |
Answer / narasimha rao
AMORTIZATION IS THE REDUCE THE VALUE OF INTANGEBLE ASSETS
REDUCTION THE VALUE OF FIXED ASSET DUE TO USE ,LEASE THESE
CALLED DEPRICIATION
| Is This Answer Correct ? | 11 Yes | 0 No |
Answer / b.narasimha rao
deprication is the reduction the value of the fixed assets
due to use ,lease
amortization is the reduction the value of intangeble
assets such as goodwill,trademark,patents.
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / chittibabu
Depriciation: Writting off fixed assets due to the wear and
tear, laps of time and accident.
Amortization: wrtting off intangible assets
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / nareshbablu
depreciation is decrease the value of fixed assets due to wear and tare
amortization is reduction the value of intangible assets such as patent,trademark,copyright,goodwill etc,,,
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sunny
Depreciation is reduction in the value of FIXED ASSESTS
which occurs due to use or lease.Depreciation is charged
only if the assest is put to use.
Amortization is utilizing the funds used for starting up the
business for tax purpose. For tax entire amount spend in
starting in business is not allowed. It needs to be
amortized for a period of 180 months under section 709(b) of
IRS.
| Is This Answer Correct ? | 1 Yes | 4 No |
EXPAND___________MOA
describe the most complex challenge that you have faced and how you managed it
Suppose One asset purchased in 2006year and calculated SLN method depreciation @10%pa for value 100000. Now middle of the present year the assets was transfered to B company. How can we take the accounting for previous depreciation, asset value (transfer value) to debit B company. What is the asset status in BS.
Aravinda Financiers sanctioned a loan of Rs 250000. A cheque was sent after adjusting processing charges Rs 247250 Pass necessary entry
what is the basic difference between cash flow and funds flow statement?
how the loss on sale of furniture will be entered in accounting books
calls in arrears come under which group in tally?
What is the difference between straight line depriciation method and written down value method?
6 Answers Deloitte, Sky n Sea Cargo,
what all are the items that comes under the personal account?
what is an advance against expenses
Expand-------NSAC
is accrued expense is asset or liability
Audit 
