Term | Definition |
---|---|
Amortization (Amortissement) |
The deduction of capital expenses over a specific period of time usually over the asset's life. It is not a cash outflow. It is an accounting statement of the lessening of the potential of service of an asset caused by wear, obsolescence, or any other causes.
|
88 Prince Street, Suite 201
Montreal, Quebec H3C 2M8
Tél: 514.844.4431