Depreciation V/s Amortization
This query is : Resolved
25 January 2009
Hi, what's the difference between depreciation and amortization? Please give me a detailed reply..
Thanks
anthony
Thanks
anthony
25 January 2009
Depreciation is provided on assets for the wear and tear of the machinery.
Amortisation means the amount has been spent and that will be debited to p&l account over a period of time. ie amortised.
In first case the asset value will be there and in the second case the amount is spent and it has to be written off.
Amortisation means the amount has been spent and that will be debited to p&l account over a period of time. ie amortised.
In first case the asset value will be there and in the second case the amount is spent and it has to be written off.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- CLOSING STOCK QUERY
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- Grand in aid
- IT returns for fresh job holders
- F&O reporting in ITR
- Difff in ais receipts and gst turnover
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- Gst on travel by air for business purposes
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
