Question

The term "Amortisation" is used to write off :

Answer 1

Answer:

the term Amortisation is used for the action or process of gradually writting off the initial cost of an asset.

Explanation:

Answer 2

Answer:

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.