Remove business tax Remove Expense Amortization Remove Sales Remove Tax
article thumbnail

Amortization in accounting 101

ThomsonReuters

The amortization period is the amount of time in which the company expects to generate revenue from the license. Is amortization a liability or expense? Amortization is a non-cash expense. the expenditure required to acquire the asset) of an asset to expense over the asset’s useful life.

Account 52