Debit amortization expenses
Credit intangible assets
Debit amortization expensesCredit intangible assets
Debit depreciation expensesCredit leasehold improvement
Debit amortization of financing costCredit financing cost
It is the amortization of the principal of the loan.
An amortization table is a report of all pertinent information regarding a loan including the terms of the loan and a list of each calculated loan payment. Each loan payment entry could show:the amount of principal due as of this paymentamount of the paymentportion of payment used as interest (the amount of interest in this payment)portion of payment that reduces the principal for the next payment entry
An amortization chart is created from an amortization table or amortization schedule to show visually how the balance, cumulative interest, and principal change over the time.
Breakdown of the amortization in to Interest and Principal is called Amortization schedule. This is useful customers to know how much interest is stuffed in to an amortization. These days EMI is most popular way of amortization, where customer pays same amount throughout amortization period. With Amortization Schedule customer can know how much interest he is paying in every amortization. Find more info at www.investorwords.com/202/amortization_schedule.html
Amortization calculators calculate your mortgage rate. The best site to go to to figure out these rates would be amortization-calc.
Amortization simply refers to the length of your mortgage. You can use a calculator from any reputable financial website to calculate the amortization rate on your loan.
There are lots of websites online where you will find amortization mortgage calculators. A couple I recommend are www.hsh.com Calculators and bretwhissel.net/amortization/.
You can find an amortization schedule at the following website....www.pine-grove.com/online-calculators/amortization-schedule.htm or www.amortization-calc.com/
You can find information on how to use an amortization schedule calculator on the following website...www.bankrate.com/calculators/mortgages/amortization-calculator.aspx