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Amortization of an intangible asset is the equivalent to depreciating a tangible asset like equipment. Intangibles are assets like patents and licenses that are of significant value to a company and have an estimated useful life. The cost is amortized over the useful life to record expenses in the period they are used.

The key difference between amortization and depreciation is that amortization is used for intangible assets, while depreciation is used for tangible assets.

Paying down a balance over time. Amortization is the process of spreading out a loan into a series of fixed payments over time. You'll be paying off the loan's interest and principal in different amounts each month, although your total payment remains equal each period. This most commonly happens with monthly loan , but amortization is an accountin

An amortized loan is a loan with scheduled periodic payments that consist of both principal and interest. An amortized loan payment pays the relevant interest expense for the period before any principal is paid and reduced.

Amortization is an accounting term that refers to the process of allocating the cost of an intangible asset over a period of time. It also refers to the repayment of loan principal over time.

The main benefit of using scheduling software is that it increases efficiency and reduces cost. Subsequently, administrative costs along with operation costs are reduced. A major benefit of using scheduling software is that the risk of human error risk is greatly reduced. Most importantly, it saves time. Hence, the implementation of this software c