Amortization

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Amortization is a noncash charge against intangible assets, such as goodwill.


Definitions

According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),

Amortization. A noncash charge against intangible assets, such as goodwill.

According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),

Amortization. A noncash charge similar to depreciation except that it represents a decline in value of intangible assets.

Related concepts

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