Accountancy, asked by Riya72114, 1 day ago

What is Amortization???​

Answers

Answered by nayonikabatra11
2

Answer:

In business, amortization refers to spreading payments over multiple periods. The term is used for two separate processes: amortization of loans and amortization of assets. In the latter case it refers to allocating the cost of an intangible asset over a period of time

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Answered by abhishekranjan55
1

Answer:

the action or process of gradually writing off the initial cost of an asset.

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