Can Amortization be done on Tangible Assets ?
2 Replies
CA Pooja Agarwal
(Chartered Accountant)
(3228 Points)
Replied 08 October 2012
no dear..the corresponding concept for tangible asset is depreciation
Shivashish
(Chartered Accountant)
(2796 Points)
Replied 08 October 2012
no amortization is just use to diffenciate the reduction in value of intangible property from tangible property(in which reduction is called depreciation).
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