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Amortization Is a Term Which Means the Same as Depreciation

Question 153

Multiple Choice

Amortization is a term which means the same as Depreciation. Which of the following standards discourages but does NOT restrict the use of the term "Amortization" on depreciable assets?


A) ASPE
B) IFRS
C) GAAP
D) CICA

Correct Answer:

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