Amortization is similar to two processes called depreciation and depletion, which are required to comply with the matching principle as well. While amortization relates to intangible assets, depreciation to tangible assets, and depletion to natural resources. As a result, there are enough differences between them that businesses must not mistake one for the other in spite of the superficial likenesses.
This site offers information designed for educational purposes only. The information on this Website is not intended to be comprehensive, nor does it constitute advice or our recommendation in any way. We attempt to ensure that the content is current and accurate but we do not guarantee its currency and accuracy. You should carry out your own research and/or seek your own advice before acting or relying on any of the information on this Website.