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What is the difference between depreciation and amortization how are they similar?

IFRS Economics Depreciation
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Question added by Muhammad Kamran Gunjial , Assistant Accountant , 786 Solution
Date Posted: 2016/05/02
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Mohammed Shahsad
by Mohammed Shahsad , Freelance Travel Consultant , Freelancing

Depreciation is used in case of Tangible assets, and Amortization in case of Intangible Assets.

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