#fixed assets

• Depreciable — Depreciable or amortizable; a fixed asset item or long-term liability whose value can be recovered, phased, or gradually extinguished, periodically, over a determined period of time, according to tax legislation and accounting standards. In a corporate context, it describes tangible and intangible assets subject to systematic depreciation due to physical or moral wear and tear.
• Amortization — The accounting value expression of the irreversible depreciation of a tangible or intangible fixed asset, resulting from physical or moral wear and tear or the passage of time, periodically transferred to expenses; a sum of money allocated periodically for the gradual extinguishment of a long-term debt or a bond loan according to a set schedule.