Writing off the proportionate cost for a period for an intangible asset is termed as _________________.

Depreciation

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Diminution

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Amortisation

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Expiration

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Solution

The correct option is C Amortisation
Writing off the proportionate cost for a period for an intangible asset is termed as amortisation. Amortisation basically means to write off/reduce the value of the intangible assets. Amortisation is same as depreciation the only difference being amortisation is for intangible assets and depreciation is for tangible assets.

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