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    russtiques's Avatar
    russtiques Posts: 2, Reputation: 1
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    Jun 12, 2012, 12:41 PM
    Difference between amortortization and depreciation
    Difference between amortization and depreciation for accounting purposes for a small Business ?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    Jun 12, 2012, 03:46 PM
    Quote Originally Posted by russtiques View Post
    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. The term amortisation is used when another balance such as goodwill is written off over a period
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