profile-img
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
  • 2 Answer(s)
  • 0 Likes
  • 3 Comments
  • Shares
  • 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...
    Show more
    • cropped5980067398482285101.jpg
    Likes(1) Reply(0)
  • 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...
    Show more
    Likes(0) Reply(0)
  • 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...
    Show more
    Likes(0) Reply(0)
Head Office :
MPA 44, 2nd floor, Rangbari Main Road,
Mahaveer Nagar II, Kota (Raj.) – 324005

Corporate Office:
212, F-1, 2nd Floor, Evershine Tower,
Amrapali Marg,
Vaishali Nagar, Jaipur (Raj.) – 302021

Mail: info@eduncle.com
All Rights Reserved © Eduncle.com