Examples of Amortization rate in a sentence
Amortization rate changes are accounted for on a prospective basis.
The Transaction Cost Amortization rate at which the tax cost of the net capital gains will be amortized.
The amortization rates applicable to each category of property, plant and equipment are as follows: Class of equipment Amortization rate Motor vehicles 30% declining balance Computer equipment 30% declining balance Exploration and office equipment 20% declining balance 3.
The amortization rates reflecting the useful lives attributed to Company’s property investments are as follows: Investments Amortization rate Non-instrumental buildings 3% Both the useful life and the amortization criteria are periodically reviewed and, if any significant changes are found in the assumptions previously adopted, the amortization rate for the period in question and for successive periods is adjusted.
Intangible assets Cost15.14,852,2844,852,284 Less: accumulated amortization15.2(3,966,897)(3,412,476) 885,3871,439,808 Amortization rate 20.00% 20.00%15.1 Cost At beginning of the year4,852,2844,502,284Additions during the year–350,000At end of the year4,852,2844,852,28415.2 Accumulated amortization At beginning of the year3,412,4762,459,519Amortization for the year554,421952,957At end of the year3,966,8973,412,476 15.3 The intangible assets represent Enterprise Resource Planning and computer software.