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.
âº to reduce a debt by paying small regular amounts: 1  The value of the machinery is amortized over its estimated useful life. 2  amortize sth over sth Companies use depreciation to amortize fixed assets over their usable life. 3  The value of the machinery is amortized over its estimated useful life.