What are the differences between the following words? depreciation depletion amortization please explain.

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How do you differentiate or explain the concept of Depreciation , Depletion and...
Posted by:
SAJID ALI SHAH SYED
01-June-2014

Accounting

Question ajoutée par Mansour Mahmoudi Moghaddam , Own Business , Own Farms and gardens
Date de publication: 2022/10/26

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par Alex Mwaniki , Assistant Accountant , FORWARD TRAVELLERS SACCO

Depreciation is the reduction in the value of an asset over time due to wear an tear Depletion is the reduction of quantity of an asset while Amortization is the reduction of value for non-tangible assets

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What are the differences between the following words? depreciation depletion amortization please explain.

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