In Canada, amortization is a similar concept as depreciation and can be applied to both tangible and intangible assets.

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In Canada, amortization is a term used to describe the process of gradually writing off the cost of an asset over its useful life, in a similar way to depreciation. This applies to both tangible assets (such as buildings or equipment) and intangible assets (such as patents or trademarks).

In Canada, Amortization Is a Similar Concept as Depreciation and Can