Question

What is amortization and explain?

Answer 1

Amortization is an accounting term that refers to the process of allocating the cost of an intangible asset over a period of time. It also refers to the repayment of loan principal over time

Answer 2

Answer:

Amortisation is a gradual and systematic writting-offintangible asset over its estimated useful life. For example:-patents ,purchased goodwill, copyrights etc.

Explanation:

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