What is the difference between Depriciation and amortization?

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

while i creating a main asset master there is a error called process being terminated? pls send the solution

1788


i want to sit for the written examination held by govt. sector like coal india, ongc for the post of accountant .. qualification ca inter.. plz any1 of u let me know on wht subjects the questions are asked and wht types of questions are asked... plz let me know.. plz

1549


Hi frnds, can any one tell me how much funds has to be there to convince financially sound during the visa interview and what supporting documents has to be produced. What is backlogs means.....hope the best known will answer.

1640


SOUTH ATLANTIC OIL AND GAS INC.is a fraud company

1730


Is it correct to covered fesibility report expenses and survey expenses in pre-operative exepenses ?

1710






Expand--------OTA

1800


what is new updates in account

1643


How can we display last five years sales in tally

1637


what is budgetory control and what are the types

2038


Short Answer on _____________Whole Sale Trade

1770


difference between contra entry and double entry?

2676


What is the difference between Deffered Tax Assets & Deffered Tax Liabilities

1851


What is the defination of job costing, batch costing and contract costing?

3789


what is ZBA hold & balance hold in banking?

1933


cost accounting process

1640