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.
Amortization Formula. To amortize assets using the straight-line depreciation method, subtract the asset's residual value from its total cost. Then divide the balance by the asset's useful life. The result is a fixed amortization expense that should be recorded to the general ledger each year.mortization Formula. To amortize assets using the straight-line depreciation method, subtract the asset's residual value from its total cost. Then divide the balance by the asset's useful life. The result is a fixed amortization expense that should be recorded to the general ledger each year.