What id depreciation Amortization Deferred tax

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Depreciation is the decrease in value of an asset over time. Amortization is the gradual reduction of an intangible asset's value. Deferred tax is a liability or asset that arises due to temporary differences between accounting and tax rules.

Depreciation is the allocation of the cost of a tangible asset over its useful life.
Amortization is the allocation of the cost of an intangible asset over its useful life.
Deferred tax is a result of temporary differences between taxable income and accounting income.
Depreciation and amortization are non-cash expenses that reduce taxable income.
Examples of depreciation include the wear and tear of machinery or the aging of a building.
Examples of amortization include the gradual write-off of a patent or trademark.
Deferred tax can arise from differences in revenue recognition, expense recognition, or asset valuation between tax and accounting rules.

What id depreciation Amortization Deferred tax

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