Monday, December 26, 2011

Are depreciation, depletion and amortization similar?

In accounting the terms depreciation, depletion and
amortization often involve the movement of costs from the balance
sheet to the income statement in a systematic and logical manner.
For example, the systematic expensing of the cost of assets such as
buildings, equipment, furnishings and vehicles is known as
depreciation. The systematic expensing of the cost

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