What Is a Weekly Amortization Schedule?

Amortization of revolving materials refers to the fact that revolving materials can be used repeatedly in the production process. Therefore, in theory, its value should be gradually transferred with the degree of wear and tear. In actual work, in order to make accounting more practical, the amortization method of turnover materials should be determined according to specific factors such as the value of turnover materials and the length of service life. ^[1]