What is the difference between Depreciation and Amortization
Depreciation refers to the allocation of the cost of tangible fixed assets, such as machinery or buildings, over their useful lives, reflecting wear and tear. Amortization, on the other hand, applies to intangible assets like patents or copyrights, distributing their cost over the asset’s legal or useful term. Both methods serve to match expenses with … Read moreWhat is the difference between Depreciation and Amortization