What is the difference between depreciation and amortization?
Question:
What is the difference between depreciation and amortization?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
Both depreciation and amortization are accounting techniques used to spread the cost of an asset ove...View the full answer
Answered By
Rinki Devi
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions.
Hi there! Are you looking for a committed, reliable, and enthusiastic tutor? Well, teaching and learning are more of a second nature to me, having been raised by parents who are both teachers. I have done plenty of studying and lots of learning on many exciting and challenging topics. All these experiences have influenced my decision to take on the teaching role in various capacities. As a tutor, I am looking forward to getting to understand your needs and helping you achieve your academic goals. I'm highly flexible and contactable. I am available to work on short notice since I only prefer to work with very small and select groups of students.
I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life. I have also done one-to-one tutoring with 100+ students and helped them achieve great subject knowledge.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Accounting Fundamentals For Health Care Management
ISBN: 9781284265200
4th Edition
Authors: Steven A. Finkler, David M. Ward, Thad Calabrese
Question Posted:
Students also viewed these Business questions
-
1. What are the four standard financial reports and what is the purpose of each? 2. What is the difference between depreciation and amortization (and depletion) and CCA? 3. What is Free Cash Flow and...
-
The financial statements of The North West Company Inc. are presented in Appendix A at the end of this textbook. Instructions (a) What depreciation method does North West use? (b) Identify the...
-
ZAGG, Zealous About Great Gadgets, began designing protective, plastic shields for wristwatches in 2005. Today the company is a market leader in mobile device accessories. ZAGGs patented...
-
a. An autoregressive model is given by: Yt = 20.58 + 0.046 yt-1 + 0.01Yt-2 where Y, = sales of a product. Explain the meaning of the terms in this autoregressive model. b. Write the expressions for...
-
Cite the values of the diffusion coefficients for the inter diffusion of carbon in both -iron (BCC) and -iron (FCC) at 900C. Which is larger? Explain why this is the case.
-
Click On Canadian Population Sheet: Create a Map Chart for the Canadian population of 2 0 2 0 . Add a chart title and legend accordingly. Save it as Excel II Assignment Data 2 ( your name ) Part II:...
-
Snow coming. A meteorologist, predicting above-average snowfall this winter, says, First, in looking at the past few winters, there has been belowaverage snowfall. Even though we are not supposed to...
-
The Gannon Company has budgeted sales revenues as follows: Past experience indicates that 60% of the credit sales will be collected in the month of sale and the remaining 40% will be collected in the...
-
On December 31, 2024, a company issued 6% stated rate bonds with a face amount of $100 million. The bonds mature on December 31, 2054. Interest is payable annually on each December 31, beginning in...
-
Explain the four steps in the depreciation process.
-
Which GAAP require the use of depreciation for assets that have useful lives beyond 1 year? Explain why this is the case.
-
What is the expected number of mutant flies that must be inspected to find the first one with purple eyes? What is the expected number of purple-eyed flies that will be found if this many are...
-
A year-end cut-off error occurred in 2017. A large shipment of nonperishable supplies arrived from South America on the last day of 2017 and had been left in the shipping containers outside the main...
-
15. [5] It's not so difficult to incorporate time-varying volatility into the BSM model as long as the time variation is not random. Assume a BSM economy, but this time, assume that the volatility of...
-
3.6. Explain and discuss the potential benefits to be gained by using blade twist, plan- form taper, low solidity, large radius, and low rotational speed for the main rotor of a heavy lift helicopter...
-
2. A VRM (Voltage Regulator Modul) is used to supply the voltageto the CPU of a computer. In the new generation of microprocessors,whose power consumption is 100W, the input voltage to the VRM is12V...
-
Alvarado Company produced 6,400 units of product that required 5.5 standard direct labor hours per unit. The standard variable overhead cost per unit is $5.80 per direct labor hour. The actual...
-
According to the same survey quoted in Problem 9, of the men interviewed, 20% had asked for a raise and 59% of the men who had asked for a raise received the raise. If a man is selected at random...
-
The outer loop controls the number of students. Note that the inner loop of this program is always executed exactly three times, once for each day of the long weekend. Modify the code so that the...
-
What is the difference between a public company and a private company?
-
What is the purpose of the following statements? Statement of financial position. Statement of profit or loss & other comprehensive income. Statement of changes in equity. Statement of cash flows.
-
Here is the trial balance of Katrinas Kombuis as at 31 December 20x6. It is Katrinas policy to determine selling prices by marking up all goods by 30% on cost, and to use the perpetual inventory...
-
A stock is expected to pay a dividend of $1.50 at the end of the year (i.e., D 1 = $1.50), and it should continue to grow at a constant rate of 10% a year. If its required return is 14%, what is the...
-
The Hobby Shop has a checking account with a ledger balance of $1,700. The firm has $2,400 in uncollected deposits and $4,200 in outstanding checks. What is the amount of the disbursement float on...
-
An investment will pay you $34,000 in 11 years. If the appropriate discount rate is 6.1 percent compounded daily, what is the present value? (Use 365 days a year. Do not round intermediate...
Study smarter with the SolutionInn App