Accounting Dictionary - Letter A

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Amortization
is allocation of the cost of intangible assets or deferred charges to expense over their useful life in a systematic and rational manner. Amortization is similar to depreciation of fixed assets or depletion of natural resources. Amortization results in amortization expense.
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