The term "___________" is used for the process of writing down long term investment in intangible.

Depreciation

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Depletion

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Amortization

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Obsolescence

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C Amortization
Amortisation 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 principle over time.

Suggest Corrections

Similar questions

___ is another name used for a long-term investment decision.

Join BYJU'S Learning Program