How do you amortize intangible assets in Oracle Fusion?

Summary:

To be clear, we associate the term 'Depreciation' for the Tangible Assets and 'Amortization' for Intangible Assets as per our Accounting Standards.

For an Intangible Asset, whether running depreciation process in Fusion amounts to Amortization as per our Accounting Standards? If yes, then to which account the depreciation/amortization will be accounted into? Is it to the Depreciation Expense & Depreciation Reserves accounts which we give at Asset Categories Level?

I am not asking about Amortized Adjustments here, I understand that it is a different concept in Fusion.

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