How are depreciation and amortization separated?

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Solution

The main contrast between depletion and amortization is that depletion manages actual property or physical property like land, buildings, and machinery while amortization is intended for elusive resources like goodwill, patent rights, and trademarks. Both are cost-recuperation choices for organizations that assist with deducting the operating expenses.

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MCQs on Depreciation

What Is Depreciation?

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