WHAT IS AMORTIZATION

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              Amortization is an accounting technique used to periodically lower the book value of a loan or intangible asset over a set period of time. The term Amortisation can refer to two situation. In first situation Amortization is used in the process of paying off debt through regular principal and interest payment over period of time. An Amortization schedule is used to reduce the loan amount. For any loan through installment payment. In second situation the Amortization can also spreading out of capital expenses related to intangible asset over a specific duration,usually over the asset's useful life for accounting and tax purpose.

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