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nctays
Nov 2, 2007, 10:07 AM
Explain the concepts of depreciation and amortization. IN layman terms
CaptainForest
Nov 2, 2007, 12:35 PM
I buy a car for 20,000. Do I expense it all at once?

No, I will spread the cost out of the life of the car.

The car will last for 4 years.

Therefore I expense 5,000 each year….amortization.