Difference Between Amortization and Depreciation
The amortization of an asset is a process of paying off the loan or debt by making regular payments. Learn more about the difference between Amortization and Depreciation.
AmortizationDepreciationMethod of paying loanMethod of decline asset valuePaying load in a period of timeCount the asset value in a period of timeWhat is amortization?Amortization is a method of repaying a loan or debt. It’s a way to pay off the loan over time, which allows the borrower to make payments over a longer period of time.