Amortization
Answer:
Amortization is similar to the straight line method of depreciation in that an annual deduction is allowed to recover certain costs over a fixed period of time.
Examples of amortizable items are costs of starting a business, goodwill, customer lists, franchise fees, licenses, trademarks and certain other intangibles, reforestation and pollution control facilities. Amortization is reportable on IRS Form 4562.
Examples of amortizable items are costs of starting a business, goodwill, customer lists, franchise fees, licenses, trademarks and certain other intangibles, reforestation and pollution control facilities. Amortization is reportable on IRS Form 4562.
