Amortisation has the same meaning as depreciation,but conventionally is used in relation to intangible assets.

Name: Amortisation has the same meaning as depreciation,but conventionally is used in relation to intangible assets.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Amortisation is the process of spreading the cost of an intangible asset over its useful life, just like depreciation is the process of spreading the cost of a tangible asset over its useful life. So, the statement is true.

Amortisation Has the Same Meaning as Depreciation,but Conventionally Is Used