📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    Question

    "Amortization" is the process

    of:
    A Buying a new asset. Correct Answer Incorrect Answer
    B Spread of the cost of an intangible asset over its useful life. Correct Answer Incorrect Answer
    C Calculating the market value of land. Correct Answer Incorrect Answer
    D Increasing the value of inventory. Correct Answer Incorrect Answer
    E Revaluation of buildings. Correct Answer Incorrect Answer

    Solution

    While depreciation is for tangible assets, amortization is the equivalent term for intangible assets like patents or goodwill.

    Practice Next
    More Banking Operations Questions
    ask-question