Depreciation vs amortization
Depreciation versus amortization.
What do they have in common?
They are both accounting processes that allocate the cost of certain assets to current expense in a systematic and rational manner in those periods expected to benefit from the use of the asset.
Where are depreciation and amortization unique?
Tangible assets like buildings, machines, and trucks get depreciated.
Intangible assets like patents, licenses, software, and capitalized research and development, get amortized.
Philip de Vroe (The Finance Storyteller) aims to make accounting, finance and investing enjoyable and easier to understand. Learn the business and accounting vocabulary to join the conversation with your CEO at your company. Understand how financial statements work in order to make better investing decisions. Philip delivers #financetraining in various formats: YouTube videos, livestreams, classroom sessions, and webinars. Connect with me through Linked In!
Want to get access to bonus content, and/or express your gratitude by buying me a cup of tea? Join my channel as a member through / @thefinancestoryteller
Watch video Depreciation vs amortization online without registration, duration hours minute second in high quality. This video was added by user The Finance Storyteller 18 July 2023, don't forget to share it with your friends and acquaintances, it has been viewed on our site 6,59 once and liked it 18 people.