GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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08:46 Feb 14, 2007 |
Spanish to English translations [PRO] Bus/Financial - Accounting / Accounting | |||||||
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| Selected response from: Noni Gilbert Riley Spain Local time: 10:27 | ||||||
Grading comment
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Summary of answers provided | ||||
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5 +3 | the corresponding amortisation for the year |
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4 | the amortizations corresponding to the year (in question) |
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the corresponding amortisation for the year Explanation: This is it - See definition below: Amortisation An accounting description of the writing-down of the book value of an asset over time or the systematic repayment of a debt. Amortisation of a debt is the gradual reduction in value of the debt through the payment of regular instalments until the total amount has been discharged. A loan which is not amortised would involve the payment of interest only during the term of the loan and then the repayment of the principal in full. Accountants use the term 'amortisation' to describe what others would call 'depreciation' when writing down the value of intangibles such as patents or capitalised oil exploration expenses. |
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