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Question
_____________________ refers to writing-off the cost of intangible assets.
_____________________ refers to writing-off the cost of intangible assets.
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Solution
The correct option is B Amortisation
Amortization is an accounting term that refers to the process of allocating the cost of an intangible asset over a period of time. The main difference between depreciation and amortization is that depreciation is used for tangible asset and amortization is used for intangible asset.
Amortization is an accounting term that refers to the process of allocating the cost of an intangible asset over a period of time.
The main difference between depreciation and amortization is that depreciation is used for tangible asset and amortization is used for intangible asset.
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