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Intangible assets are subject to devaluation not depreciation.

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13y ago

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Types of assets that are amortized?

Intangible assets are those assets which are amortized as compared to tangible assets which are depreciated.


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Journal entry for ammortization of furniture?

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1 - Goodwill 2 - market related intangible assets 3 - Customer related intangible assets 4 - Contract related intangible assets 5 - Artistic related intangible assets 6 - Technology related intangible assets


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Which tangible fixed assets would not normally be depreciated?

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Tangible assets for a bank include all assets after making deductions for goodwill and intangible resources. Intangible assets have no physical properties.


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