What is amortization?

Answer Posted / laxman

Dear saroja goodwill, patents, copy rights are not a
tangiable asset these are intangible assets.

The process of writing off an intangible asset is called as
amortization.

Is This Answer Correct ?    20 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is monetary polasy and how it is different from trade polacy? how it will impact on stockmarkets in India?

1899


Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?

621


How Many Types of Excise Duties?

1537


am attend to bank exam(iob)pls send model questions

1629


WHY LOSS IN BUSINESS IS SHOWN IN ASSETS SIDE OF BALANCE SHEET? WHY EXCISE DUTY IS DEDUCTED FROM THE GROSS SALES TO ARRIVE NET SALES? WHY SALES TAX IS NOT DEDUCTED FROM SALES TO ARRIVE NET SALES?

2043






Short Answer on _______Appropriation

1433


What is the Memorandum voucher?

9967


Please tell me about service tax, tds, vat & ITR return with A to Z completely detail.

1616


What is the Branch Accountant Responsbilities ?

3201


how an accountant can do budgetery controls of expenses?

1692


let me know the minimum Accounting Heads in an accounting system

4232


Who is called consignor

1491


i want the difference p&l a/c and Income and expediture statement

1597


What is specific reserve

2025


1. what is responsibility of inword & forward agent ? 2. how to control cash expenses give five step ? 3. what is Vat 3. how many type of depreciation

1576