Meaning of Depreciation and amortization
How we at Bookkeeping Support Define the Meaning of Depreciation and amortization
Depreciation is allocation of cost of fixed assets over its useful life. In other words, it is the fall in the value of fixed assels due to its usage . Amortisation is the term associated with writing off intangible assets.
How AI Define the Meaning of Depreciation and amortization
Depreciation and amortization are both non-cash expenses that reflect the decrease in value of an asset over time. Depreciation applies to tangible assets such as property and equipment, while amortization applies to intangible assets such as patents or trademarks.
