Can you amortize donation

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1277179

2026-02-24 02:40

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No, donations cannot be amortized. Amortization typically applies to the gradual reduction of a debt or an asset's cost over time. Donations are considered charitable contributions and are usually recorded as expenses in the year they are made, rather than being spread out over multiple periods. However, businesses may be able to deduct charitable contributions from their taxable income in the year they are made, subject to certain limits.

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