Amortize

SUBMITTED BY: L319A

DATE: Sept. 27, 2016, 7:57 p.m.

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  1. Amortize ‐‐ to charge a regular portion of an expenditure over a fixed period of time. For
  2. example if something cost $100 and is to be amortized over ten years, the financial reports
  3. will show an expense of $10 per year for ten years. If the cost were not amortized, the entire
  4. $100 would show up on the financial report as an expense in the year the expenditure was
  5. made
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