q explain about amortizeamortize -- to charge a, Accounting Basics

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q explain about amortizeamortize -- to charge a

Q. Explain about Amortize?

Amortize -- to charge a regular part of an expenditure over a fixed period of time. Forinstance if something cost $100 and is to be amortized over ten years, financial reportswill indicate an expense of $10 per year for ten years. If cost weren't amortized, the entire$100 will show up on financial report as an expense in the year whenexpenditure wasmade.

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