What is the difference between Depriciation and amortization?

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What are the things are not Included in Annual Reports?

1693


Could u show me the sample TDS Document / Template

1716


Let me know the difference between cash flow and free cash flow

1682


We are a education institute based in chennai.if i purchase a product in chennai and i transfer it to our branch which is in bangalore. we don't have tin nos,Sales tax nos, cst nos. We have only service tax nos. what is the procedure.

1483


What is Budgeted capital ?

1647






honararium for the month of march 2013 can be paid on 31 mar 2013

1778


your parents have lent you $20,000 to buy a car and have told you to pay it back whenever you like in conceptual framework

1485


Short Answer on _________Accounts Receivable

1562


what are the important steps to take during the conversion of an accounting system.

1591


Mostly what type of manufactures are coming under TDS and basic rate for each category

1614


what is cc limit and what role accountant play to maintain it?

1817


how to maintain E-Commerce companies accounts

1084


if not found suitable for the post applied for, are you willing to be considered for a lower post yes / no ? why?

1516


helo sir, i want to know the writen exam pattern for finance and accounts ang general apptitude test of ongc.

1697


how enter service bill in the tally and what is the process of service bill. aganst service charge @ 10.3%, sercharge 2% cess 1%

2236