Amortization vs Depreciation: Whats the Difference?
A proprietary process is an intangible depreciation and amortization meaning asset that arises from a company’s unique way of producing a product or providing a service. Proprietary processes are amortized over their useful life, which is typically years. For example, suppose Company A buys a machine for $10,000, with an estimated useful life of 5 […]
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