Answer:
Subtract the residual value of the asset from its original value. Divide that number by the asset's lifespan. The result is the amount you can amortize each year.
what is amortized amount:?
Amortization can refer to the process of paying off debt over time in regular installments of interest and principal sufficient to repay the loan in full by its maturity date. ... The amount of principal due in a given month is the total monthly payment (a flat amount) minus the interest payment for that month.
Step-by-step explanation:
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