What is Depreciation and how is it different from amortization

Answer Posted / guest

depreciation is used for tangible assets like L&B, p&m Where
as Amortization is used for intangible assets like Goodwill.

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is the meaning of call in arear

1989


Short Answer on __________Accrued interest

1413


Which entry we pass self entry like cash withdraw for ourself

1154


what is composition vat

1921


business sepsarate entity concepts

1695






Please explain a Representative Personal Account.

1616


closing stock at the end is comprised of %a purchase price of $60000,10% discount and 15% import duty.The stock can be sold for $70000 after incurring costs of $1950.Included in the purchase price is abnormal wastage of $2000.Transportation costs are $1000 and storage costs are $500,what is the value of the closing stock?

1239


If someone knows about the test pattern of Junior executive accounts than please share.

1698


What is the complete role of a Process executive in Accounts Payable Process ? Please anyone who is an expert in the process answer my question. A reply would help me a lot.

700


What is the role oF Jr Financial Analyst ? And what are the General Questions Asked for this Profile For freshers ?

1440


Define Payee

1632


Why are there 30 blue-chip companies only considered in bombay stock exchange.And why those thirty only effect the sensex

1726


why do you want to work here?

1700


Expand---------PSRT

1581


What is the rule on a school who will be handled by anither school? How do I calculate the royalty per year to the school who will supervise a new school

1554