N. k. gupta Asked a Question
April 3, 2021 10:20 ampts 30 pts
explain amortization and depletion easy define in simple words both are related to accounting terms
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  • Rucha rajesh shingvekar thankyou
    Depletion is an accounting and tax concept used most often in the mining, timber, and petroleum industries. It is similar to depreciation in that it is a cost recovery system for a...
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  • Rucha rajesh shingvekar Best Answer
    Amortization is an accounting technique used to periodically lower the book value of a loan or intangible asset over a set period of time. In relation to a loan, amortization focus...
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  • Rahul
    The word amortization means written off..the fictitious assets are written off by the companies over a specified period of time.. because these expenditure are of huge amount and c...
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