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.
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