Question

10. A mortisation refers to writing off
(a) Depleting Assets
(c) Intangible Assets
(b) Tangible Assets
(d) Fictitious Assets​

Answer 1

The practice of reducing the value of assets to reflect their reduced worth over time. The term means the same as depreciation, though in practice amortisation tends to be used for the write-off of intangible assets, such as goodwill, while either term is used for the write-off of fixed capital.