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What is the difference between depreciation and amortization?

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Question added by Mohamed Ezat Mahmoud Mady , Accounting and Financial Manager , Trustmed
Date Posted: 2013/10/11
Nirav Pandya
by Nirav Pandya , Senior Executive Accounts , Ammann Apollo India (P) Limited

The tangible assets gets warnout, goes outdated etc. it is termed as depreciation of asset, while in case of an intangible asset it gets outdated etc. it is termed as amortization of asset.

Ashraf Kamal Badir Boles
by Ashraf Kamal Badir Boles , Cost Accountant , The Alexandria Confectionery & Chocolate Co. -Corona

Depreciation and Amortization: is the distribution of the original value on the estimated number of years of useAmortization: The intangible assets excluding goodwill are the work of re-estimating her only in the case of fallingKnowing that he does not have a accumelated depreciation of intangible assets which does not have a significant physical entity unlike fixed assets

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