3622 Veterans Drive, Suite 3
Traverse City, MI 49684
Phone: 231-922-1615
Email: obaoffice@oldbarnacct.com

Glossary / Amortization

Amortization

A way of measuring the consumption of the value of long-term assets like equipment or buildings. This process gradually eliminates a debt, loan, or mortgage over a period of time. It can also be used to deduct capital expenses over a period of time.


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3622 Veterans Drive, Suite 3
Traverse City, MI 49684

Phone: 231-922-1615
Email: obaoffice@oldbarnacct.com

In Business Since 2007