Amortization: Definition, examples, & how to calculate it
In some instances, the balance sheet may have it aggregated with the accumulated depreciation line, in which only the net balance is reflected. Amortization applies to intangible assets, while depreciation applies to tangible assets. Amortization allocates the cost of intangible assets, while depreciation allocates the cost of tangible assets. When you take out a loan,…
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