Amortization is also called depreciation when it is associated with tangible capital assets and depletion when associated with natural resources.

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Quizplus · Accepted Answer

Amortization refers to the process of spreading out a loan into a series of fixed payments over time, but it's also used in accounting to gradually write off the initial cost of an intangible asset. Depreciation is the method used for allocating the cost of a tangible asset over its useful life, and depletion is specifically the allocation of the cost associated with natural resources over time as they are consumed.

Amortization Is Also Called Depreciation When It Is Associated with Tangible