What is the difference between amortization and depreciation?

AnswerBot
2y

Amortization is for intangible assets while Depreciation is for tangible assets.

  • Amortization is the process of spreading the cost of an intangible asset over its useful life.

  • Depreciation is the proces...read more

Anonymous
1y
Depreciation charge on fixed assets n amortization charge on intangible assets
Anonymous
2y

Amortization is for intangible assets while Depreciation is for tangible assets.

  • Amortization is the process of spreading the cost of an intangible asset over its useful life.

  • Depreciation is the proces...read more

Sourabh Morkhandikar
2y

Amortization is provided on Intangible Assets and where as Depreciation is provided on Tangible assets. Both amortization and depreciation mean diminishing in the cost of asset proportionately over it...read more

Mukesh Kumar Jha
2y

Amortization is on intangible asset's cost over that asset's useful life.

Anonymous
2y

workflow is an old-school automation tool, process builder gives you a user-friendly visual representation of the process as you build it.

Chandan Kumar Choudhary
2y

Amortization is the practice of spreading an intangible asset's cost over that asset's useful life. Depreciation is the expensing a fixed asset as it is used to reflect its anticipated deterioration.

Pooja Singh
2y

Depreciation is for tangible assets like building, Machinery. On the other hand, Amortisation is for intangible assets like patents, Trademarks.

Anonymous
2y

Depreciation term is used for tangible assets and amortization is used for intangible assets while write off value of assets in P&L

Chirag Jain
2y

Amortization always applicable on intangible fixed assets while depreciation on tangible fixed assets

Anonymous
2y

Amortization is for intangible assets and depreciation is for fixed asset.

mohit verma
2y

Amortization charged on Intangible assets and Depreciation on tangible assets. Intangible :- which cannot be seen like (Goodwill copyright and patent) Tangible :- which can be seen like Plant computer...read more

Kalidindi Kavya Sri
3y

Amortization: practice of spreading an intangible assets cost over that assets useful life

Depreciation: Expensing of a fixed asset over its useful life

 

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