Amortisation
This query is : Resolved
26 March 2014
Kindly guide about the concept of amortisation (of assets).
Thanks.
26 March 2014
Hi Ashutosh,
Amortisation is the same process as depreciation, only for Intangible assets (i.e. patent, trade mark, goodwill etc.)
What we provide for Tangible assets (which we can see and touch) is called depreciation and for Intangible assets it is called Amortisation.
Hope it is clear to you.
Regards,
Devanand
Amortisation is the same process as depreciation, only for Intangible assets (i.e. patent, trade mark, goodwill etc.)
What we provide for Tangible assets (which we can see and touch) is called depreciation and for Intangible assets it is called Amortisation.
Hope it is clear to you.
Regards,
Devanand
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