Amortization and depreciation are accounting methods used to allocate the cost of assets over their useful lives.

An amortization schedule is a chart that ... Typically, businesses use the straight line method to allocate the cost of an intangible asset evenly over its expected useful life.

Reviewed by David Kindness Fact checked by Vikki Velasquez In 2013, the U.S. Bureau of Economic Analysis announced a change ...