The difference between depreciation and amortization allowances in tax calculation is that
depreciation is for a tangible asset applicable on its declared life; whereas amortization is for an intangible asset applicable on a specified period.
depreciation is for an intangible asset applicable on its declared life; whereas amortization is for a tangible asset applicable on a specified period.
depreciation is for a tangible asset applicable on a specified period; whereas amortization is for an intangible asset applicable on its declared life.
depreciation is for an intangible asset applicable on a specified period; whereas amortization is for a tangible asset applicable on its declared life.
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