In accounting, the terms "depreciation" and "amortization" both have basically the same meaning--that is, a periodic charging to expense.

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Both depreciation and amortization involve spreading the cost of an asset over its useful life, but depreciation typically applies to tangible assets (like equipment), while amortization applies to intangible assets (like patents).

In Accounting, the Terms "Depreciation" and "Amortization" Both Have Basically