Dotaciones para Amortización de Inmovilizado
English translation: provision/allowance for depreciation of fixed assets
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| 16:41 Nov 25, 2007 |
| Spanish to English translations [PRO] Bus/Financial - Business/Commerce (general) | |||||||
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|  Selected response from: Rebecca Jowers Spain Local time: 17:08 | ||||||
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Answers
3 mins confidence: 
peer agreement (net): +1
peer agreement (net): +1allocation for amortization of fixed assets / endowment to amortizations of fixed assets Explanation: Suerte |
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13 mins confidence:
endowments to amortization (depreciation) of capital assets Explanation: inmovilizado = capital assets inmovilizado inmaterial = intangible assets inmovilizado material = tangible fixed assets To be on the safe side, "capital assets" includes fixed assets as well as intangible assets - and since it is not further specified Source: Oxford Business Spanish Dictionary Mike :) |
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31 mins confidence: peer agreement (net): +5
peer agreement (net): +5provision/allowance for depreciation of fixed assets Explanation: To translate "amortización" it should be underscored that In English tangible assets are "depreciated", while intangible assets are "amortized". (See Thomas West, "Spanish-English Dictionary of Law and Business" pl. 28.) In Spanish "inmovilizado" usually refers to tangible assets, i.e., (terrenos; edificios y otras construcciones; maquinaria; mobiliario y otros enseres, etc.), so "depreciation" would be more appropriate here (although your context will confirm this). -------------------------------------------------- Note added at 5 hrs (2007-11-25 22:30:11 GMT) -------------------------------------------------- I found this interesting explanation on the Investopedia website: Amortization usually refers to spreading an intangible asset's cost over that asset's useful life. For example, a patent on a piece of medical equipment usually has a life of 17 years. The cost involved with creating the medical equipment is spread out over the life of the patent, with each portion being recorded as an expense on the company's income statement. Depreciation, on the other hand, refers to prorating a tangible asset's cost over that asset's life. For example, an office building can be used for a number of years before it becomes run down and is sold. The cost of the building is spread out over the predicted life of the building, with a portion of the cost being expensed each accounting year. Depletion refers to the allocation of the cost of natural resources over time. For example, an oil well has a finite life before all of the oil is pumped out. Therefore, the oil well's setup costs are spread out over the predicted life of the oil well. It is important to note that in some places, such as Canada, the terms amortization and depreciation are often to used interchangeably to refer to both tangible and intangible assets. http://www.investopedia.com/ask/answers/06/amortizationvsdep... |
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