The Client Information System (CIS) is a web-based application designed for use on. most computers with an internet connection. There are, however, some minimum. requirements that must be met for its correct operation. While CIS may work (or. appear to work) normally on other operating systems or using other web browsers,
Amortization refers to spreading the cost of an intangible asset over its useful life. Depreciation refers to prorating the cost of a tangible asset over its estimated life. Intangible assets include patents, copyrights, and intellectual property. Tangible assets include land, buildings, equipment, and vehicles.
A depreciation method that provides for a higher depreciation amount in the first year of the assetâs use, followed by a gradually declining amount of depreciation. amortization. The periodic transfer of the cost of an intangible asset to expense.osts that benefit only the current period or costs incurred for normal maintenance and repairs of fixed assets. straight-line method. A method of depreciation that provides for equal periodic depreciation expense over the estimated life of a fixed asset.