Purchase Solution

Differences between depreciation, depletion and amortization

Not what you're looking for?

Ask Custom Question

Can you please list the differences between depreciation, depletion and amortization?

Purchase this Solution

Solution Summary

The solution explains how depreciation, depletion and amortization are alike followed by explanations about differences as to content and tax law. Specific types of assets are mentioned as well as types of expense.

Solution Preview

How they are alike:

All three are the systematic process of reducing the value of assets by matching them to revenue and expense. Matching is a basic accounting term to attempt to show (or match) all expenses incurred for the production of revenue to determine a fair profit on operations. ...

Purchase this Solution


Free BrainMass Quizzes
Six Sigma for Process Improvement

A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.

Lean your Process

This quiz will help you understand the basic concepts of Lean.

Motivation

This tests some key elements of major motivation theories.

Situational Leadership

This quiz will help you better understand Situational Leadership and its theories.

Cost Concepts: Analyzing Costs in Managerial Accounting

This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.