Difference between revisions of "Amortize"

Revision as of 02:34, 21 December 2018

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.

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

Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.

@@ Line 1: / Line 1: @@
-[[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. *[[Amortization expense]]. An operating expense on the income statement relating to intangible assets. *[[Patent]]. An exclusive right to sell or produce one's discovery or invention. A patent is good for 20 years.
+[[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. *[[Amortization expense]]. An operating expense on the income statement relating to intangible assets. *[[Patent]]. An exclusive right to sell or produce one's discovery or invention. A patent is good for 20 years.
+:[[Amortize]]. To charge a portion of an expenditure over a fixed number of years. Those assets with indefinite lives are not subject to amortization.
 ==Related concepts==