Define amortization period.

Q: What do you mean by Amortization and also mention its journal entry?

A: Amortization: Amortization is a process in which the cost of intangible assets is spread equally…

Q: Is long term investment is classified as non-current assets?

A: Generally, the liquidity of the assets plays a significant role in determining whether they are…

Q: What does the term "corridor amortization" mean

A: Amortization refers to the process of gradual and systematic write off for an asset's initial cost.

Q: What is the classification of long term assets? Explain them.

A: Long-term assets: Long – term assets are those assets that are generally held by a company for more…

Q: Effective interest amortization method uses which of the following rates to determine interest…

A: Under the effective interest method, the interest is calculated as yield to maturity multiplied by…

Q: Which assets are included in the definition of current assets?

A: Current asset refers to the asset which can be easily converted to cash with a year. Current assets…

Q: How do you calculate book value as it relates to fixed assets?

A: Book Value is the cost of carrying an asset on a company's balance sheet.

Q: REQUIRED: Compute amortization assuming the lease is fully developed:

A: Lease can be defined as the contractual agreement between two parties upon the use of certain fixed…

Q: Solve using amortization table with steps

A: Loan amortization is the loan schedule table in which all the payments, interest charges and what…

Q: Current liabilities are _____.

A: Current liabilities: Current liabilities include liabilities with maturity less than a year…

Q: the term "corridor amor

A: Corridor amortization is an approach for amortizing the Accumulated OCI balance when it goes over…

Q: Which of the following is typically recorded at its present value? a. long-term investments b.…

A: Present value is the worth of any asset or liability that is more in the present as compared to the…

Q: How would you describe a planned amortization class (PAC) tranche?

A: A Planned Amortization Class (PAL) Tranche will be explained:

Q: istinguish between current and long-term liabilities

A: Current Liabilities: Current liabilities also known as short term liabilities. The liabilities which…

Q: Can someone explain this amortization schedule's breakdown?

A: The capital is the backbone of the company, and the company will be willing to raise the capital for…

Q: ,calculate the amount of amortization of the net loss or gain that should be included

A: Defined Benefit Pension plan can be defined as the payment plan granted by the employer to the…

Q: the assets' risk is the asset returns a

A: Step 1   Covariance is a statistical measure of how two assets move concerning each other. It…

Q: Define current liabilities.

A:

Q: Define asset retirement obligations (AROs).

A:

Q: How much is the initial cost of the asset?

A: Purchase price  Less: Trade discount/Rebate  Add: Import Duties  Add: Non refundable taxes  Add:…

Q: Describe When Short-Term Obligations of liabilities Are Expected to Be Refinanced.

A: Short-term obligations are the current liabilities of an enterprise that is required to be fulfilled…

Q: What are the various types of long term liabilities? Name them.

A: Liabilities: The claims creditors have over assets or resources of a company are referred to as…

Q: Define amortization schedule

A: Amortization: Amortization is an accounting method utilized to periodically lesser the book worth of…

Q: Explain the investment Adjustments for Other Assets and Liabilities.

A: Fictitious assets are described as the deferred expenses or losses incurred in a particular…

Q: Define amortized loan

A: Amortized loan is a loan in which total loan will be paid off by same periodic payments. These…

Q: Explain an example of long term liabilities.

A: Liabilities: The claims creditors have over assets or resources of a company are referred to as…

Q: gent liab

A: Contingent Liability A contingent liability is an obligation that may arise as a result of the…

Q: What should be the pattern of amortization for a limitedlifeintangible?

A:

Q: Explain the accounting and amortization for unexpected gains and losses.

A: Amortization expense: A charge created on intangible asset for its use over life of asset. It is…

Q: Explain Amortization Schedules and Callable Loans?

A: An amortization plan or schedule may be a total table of periodic advance installments, appearing…

Q: What is a loan amortization schedule, and what are some ways these schedules are used?

A: Loan is an agreement between lender and borrower where lender provide funds to borrower which repaid…

Q: Describe the concept of refundable deposits.

A: Deposits:   Deposits are that money in advance offered by the customer. It is a form of 'security…

Q: What'sthe journal entry to accrue for amortization expenses?

A: Amortization is that process of expensing the utilization of intangible assets over time as against…

Amortized Loans

The term "amortization" refers to spreading the value of a loan or a debt over a series of regular payments or installments comprising of both the principal and interest amount. It generally involves the process where in the value of a loan or an intangible asset is written down over its maturity period.