8617     AMORTIZATION
(New 3/86)

Amortization is the expensing of an intangible asset's amortizable cost to the time periods benefited. An assets amortizable cost is the cost or other basis less the estimated residual value. Residual value is the estimated value of an asset at the end of its useful life. Generally, amortization is performed only by those proprietary funds which conduct enterprise or internal service fund operations.