Because of vast differences in accounting principles of various countries, IASB has admitted that to impose GAAP successfully in all parts of the world is a Herculean task that will take years and a final solution will emerge only slowly and with tacit approval of member countries. Difference Be...
While depreciation requires calculation every year, amortization is pretty straight forward and you know how much amortization expense to be added to the liability column every year over the life span of the intangible asset. But the biggest difference between the two terms lies in the fact that ...