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.