Shoe Maker Question:

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What is amortization or Amortize?

Shoe Maker Interview Question
Shoe Maker Interview Question

Answer:

A factory customer and the factory agree to pay for shoe tooling piece by piece. The tooling is amortized ,but adding a small charge to each pair of shoes. For Example a $10,000 tooling bill make be payed by adding $.50 to the first 20,000 pairs sold.

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