What is amortization?
Answer Posted / anantaditya aima
there is one thing as books which is shown to shareholders
and the other thing is income-tax document shown to the IT
authorities for tax payments on income. Through amortization
we can show more book profits by showing less expense for a
certain intangible asset having high monetory value and in
IT doc we can show the full expense. This would only avoid
showing less profits to public so dat they keep up their
trust on the firm. It is different from depreciation as it
is not a tax planning instrument and is valid to a certain
intangible assets only like :- Product development
expense,R&D exp,copyright fee etc all specified under law.
| Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
What is Merger?
In order to comply with the matching principle, adjustment entries are made at the preparation of ----------
For how long should prepayments be carried in the books as fictitious asset and when is it ideal for a new coy to pay tax
what is controlership?
what is account & what is finance
what types of essays are giving in bank of america. can any one tell the opics? LAVANYA
DIFFERENCE BETWEEN THE DEPRICIATION AND IMPOSEMENT? DIFFERENCE BETWEEN THE CAPITAL LEASE AND FINANCE LEASE?
tell me about roll model as father
what do Loan Loss Coverage Ratio mens describe it with examples?
Distinguish value andPrice
What is inter-corporate deposits? and where it is shown in balance sheet?
Hi Iam Arun D. I m short listed for Karnatka bank interview. Can anybody share ur experiences regarding Bank interview of karnatka bank which was held on dec for Officer's post. Please help me I f u can. thanx in advance
business sepsarate entity concepts
Can anyone give comparative data of NPA(non performing assets) of nationalised banks or BANKS IN INDIA for the last 5-10 years if possible with bifurcation substandard doubtful loss asset
Expand--------CMTS