Amortization
The depreciation (or repayment) of an (usually) intangible asset (eg. loan, mortgage) over a fixed period of time. The process of cost allocation that assigns the original cost of an intangible asset to the periods benefited.
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The depreciation (or repayment) of an (usually) intangible asset (eg. loan, mortgage) over a fixed period of time. The process of cost allocation that assigns the original cost of an intangible asset to the periods benefited.
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