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Amortisation is the regular decrease in value of a intangible asset such as intellectual property, patents, goodwill etc.

The reason for amortisation is to show their decrease in value as a result of use during a passage of time based upon consumption, expiration or becoming obsolete.

Amortisation is offset against the business profits within the accounts, but not necessarily as an expense for tax relief.  It will mean that the value of the intangible assets is slowly decreased in the balance over time with the cost element being associated within the profit and loss trading activity.

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