par
Kokab Rahman , Managing Director, Head of Business Development , Radeya Business Services http://www.radeya.biz
Amortization is used to depreciate Intangible Assets. Intangible assets are recorded initially as an asset but their useful life may be limited, such as in the case of a license or patent. In that case, periodically the cost of the asset is turned to expense to show the correct value of the business. When recording amortization, amortization expense is debited and accumulated amortization is credited.