Akash
(CA Final (2nd Group Pending))
(876 Points)
Replied 16 January 2016
The spreading out of capital expenses for intangible assets over a specific period of time (usually over the asset's useful life) for accounting and tax purposes. Amortization is similar to depreciation, which is used for tangible assets, and to depletion, which is used with natural resources. Amortization roughly matches an asset’s expense with the revenue it generates.
BKJHA
(B.Com)
(68 Points)
Replied 18 January 2016
Good morning sir
sir please understand to me with exaple.
CAclubindia
