Loan Amortization: Definition, Example, Calculation, How Does It Work?
In accounting, the amortization of intangible assets refers to distributing the cost of an intangible asset over time. You pay installments using a fixed amortization schedule throughout a designated period. And, you record the portions of the cost as amortization expenses in your books. Amortization: What it is and why it’s important Amortization in accounting involves … Read more