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russtiques
Jun 12, 2012, 12:41 PM
difference between amortization and depreciation for accounting purposes for a small Business ?
paraclete
Jun 12, 2012, 03:46 PM
difference between amortization and depreciation for accounting purposes for a small Business ?

the two concepts are very similar; the term depreciation refers to the charge created when a physical asset, such as equipment, is written off over a period of time. The term amortisation is used when another balance such as goodwill is written off over a period of time