Question

what are the types of assets and how to amortization of them ? please give me big answer​

Answer 1

Answer:

type of assets are

tangible : which can be seen aur touched like building machinery etc

intangible : which cannot be seen or touched like patents , goodwill etc

tangible assets are depreciated by

depreciation = Assets value/expected useful lif

intangible assets are amortized on the basis of estimates