Amortize

To amortize is the process of writing off the book value of an asset over its useful life. The term is most commonly applied to intangible assets. Depreciation is used to write off tangible assets. Amortization is usually conducted on a straight-line basis, with no acceleration of the write-off in the earlier periods of an asset’s useful life.

Related Courses

Accounting for Intangible Assets 
Fixed Asset Accounting 
How to Audit Fixed Assets