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Chemical Engineering - Chemical Engineering Basics - Discussion

Discussion Forum : Chemical Engineering Basics - Section 28 (Q.No. 15)
Chemical Engineering Basics
15.
'Amortization' in respect of financial obligation of a company means the
liquidation of financial obligations on instalment basis.
commitment of financial obligation on priority.
liquidation of all the obsolete equipments of the company.
modernisation of the plant equipments.
Answer: Option
Explanation:
No answer description is available. Let's discuss.
Discussion:
1 comments Page 1 of 1.
Jomson Mathachan said:   6 years ago
Amortization is an accounting term that refers to the process of allocating the cost of an intangible asset over a period of time. It also refers to the repayment of loan principal over time.
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