Amortization is an accounting concept that is used to gradually write off the cost. Through amortization, over a period of time, one can allocate the cost of any intangible asset. Also, it can be done to repay any loan principal. However, those assets which have an indefinite life like Goodwill can not be amortized.
-Answered by nisha sheikh On 03 October 2020:11:54:21 AM(20805Average Rating Based on rating)
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