Amortization Accounting
amortization?
what is amortization in terms of accounting?please explain me in simple terms and not in terms of the book
ok and now for a simple answer.
assume we sell 100 products at a £1 each + a one off tooling charge of £50.
the customer gets billed £100 product + £50 tooling
or we can amortize it and they pay £1.50 each for the 100 off. costs them the same its just a way of putting the charges onto the product that they actually belong too. in this instance of course the next time the customer orders anoth 100 they end up paying over the odds, because the tooling would already be in place. but hey, sometimes customers are stupid like that and do want to see “extras”, either way someone pays for them – lol
Amortization
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