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Re: Re: [sharechat] AIA reply to snoopy by macdunk

From:	"mick" <mick100@extra.co.nz>
Date:	Tue, 4 Nov 2003 10:58:29 +1100

Mixtrader wrote

Yes the amortisation of depreciation and goodwill are being addressed in NZ

My understanding is that amortisation is the writing down of intangible assets over their

economic life such as goodwill

Depriciation is the writing down of hard assets over their useful life such as plant

and machinery

You say "amortisation of depriciation"

Please explain.

Mick

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