Question : The term _______________is used for writing off (fixed) intangible assets (such as goodwill, trademarks, copyrights, etc.) over their estimated useful Amortization life.
Option 1: Depreciation
Option 2: Amortisation
Option 3: Both A and B
Option 4: None of the above
Answer (1)
27th Jan, 2024
Correct Answer: Amortisation
Solution :
Answer =
Amortisation
The term 'Depreciation' is used for writing off (fixed) tangible assets over their estimated useful life and the term 'Amortisation' is used for writing off (fixed) intangible assets (such as goodwill, trademarks, copyrights, etc.) over their estimated useful life.
Hence, the correct option is 2.
Comments (0)
