Business, Management and Accounting
a year ago

New Study Reveals Key Differences in Asset Depreciation and Amortization

Depreciation and amortization of intengible and tangible assets:analysis of referent standards IAS 16 pp&e, IAS 38 intangible assets and IAS 36 impairment of assets
Maria Savciuc

Paper Summary

The article explains the differences between depreciation and amortization of assets according to International Accounting Standards. It compares the processes described in IAS 16 and IAS 38, highlighting that depreciation is for tangible assets and amortization is for intangible assets. The study concludes that while the processes are similar, there are distinct differences in impairment between IAS 16 and IAS 36.

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