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Is There a Difference Between Amortisation and Depreciation?

Is there a difference between Amortisation and depreciation?

Fixed assets rarely last forever and in accounting is a process to reflect the use of an asset which lasts for more than one year. The process reflecting the use of an asset is either amortisation or depreciation.  There are essentially the same but the term you use depends on the asset in question. Amortisation …

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How to Calculate UK Depreciation and Depreciation Rates

how to calculate UK depreciation

This guide will help you get to grips with calculating UK depreciation for small businesses. Depreciation is a term that encompasses other accounting concepts such as: Fixed assets; Depreciation rates and methods; Business profitability. How you have to calculate depreciation depends on the business, what has been bought, its cost and how it was purchased. …

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