The term amortization is used for which

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Target Exam

CUET

Subject

Entrepreneurship

Chapter

Business Arithmetic

Question:

The term amortization is used for which of the following category of assets?

Options:

Tangible Assets

Intangible Assets

Current Assets

All of the above

Correct Answer:

Intangible Assets

Explanation:

There are different options available to depreciate (tangible asset) or amortize (intangible asset