Amortization and maintenance are expenses associated with the use of long-lived assets.
BT: Knowledge

Name: Amortization and maintenance are expenses associated with the use of long-lived assets. BT: Knowledge
Brand: Quizplus
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Quizplus · Accepted Answer

Both amortization and maintenance expenses are associated with the use of long-lived assets. Amortization refers to the gradual reduction of the value of an intangible asset over time, while maintenance expenses are required to keep a physical asset in good working order over its useful life.

Amortization and Maintenance Are Expenses Associated with the Use of Long-Lived