The terms depreciation, depletion, and amortization all refer to the process of allocating the cost of an

Question:

The terms depreciation, depletion, and amortization all refer to the process of allocating the cost of an asset to the periods the asset is used.

Required:
Discuss the differences between depreciation, depletion, and amortization as the terms are used in accounting for property, plant, and equipment and .

Intangible Assets
An intangible asset is a resource controlled by an entity without physical substance. Unlike other assets, an intangible asset has no physical existence and you cannot touch it.Types of Intangible Assets and ExamplesSome examples are patented...