Amortize

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Amortize is to charge a portion of an expenditure over a fixed number of years. Those assets with indefinite lives are not subject to amortization.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Amortize. To charge a portion of an expenditure over a fixed number of years. Those assets with indefinite lives are not subject to amortization.

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