What is the difference between amortization and depreciation?

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Darwin Ritchie asked a question: What is the difference between amortization and depreciation?
Asked By: Darwin Ritchie
Date created: Tue, Jun 1, 2021 3:47 PM
Date updated: Tue, Jun 28, 2022 9:32 AM

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Amortization and depreciation are two methods of calculating the value for business assets over time… Amortization is the practice of spreading an intangible asset's cost over that asset's useful life. Depreciation is the expensing of a fixed asset over its useful life.

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