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Answer Posted / rakesh rajan
1. Amortization is the accounting description of writing
down of the book value of an asset over time or the
systematic repayment of debt.
2.Amortization of debt is gradual decrease in the value of
debt through the payment of eregular installments.
3.Amortization is something similar to that of depreciation
in depreciation the value of tangible assets
like machinery, building etc gets diminished
whereas in amortization the value of intangible assets
like goodwill, patents etc gets diminished
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