Amortization Fundamentals: Key Concepts and Practices
Understanding Amortization Amortization refers to the gradual reduction of an intangible asset’s value over time through periodic charges to income. The purpose of amortization is …
depreciation
Depreciation: From Wear and Tear to Tax Savings
Introduction Depreciation refers to the systematic allocation of the cost of tangible assets over their estimated useful lives. For example, consider a manufacturing company that …