I also await Randomitable's reasoning as to why this perfectly respectable accounting term is 'bollocks'.
Evening. I am an accountant. Not a bookkeeper or 'somebody who works in accounts' but an actual real-life accountant. I've been drinking too.....but the accountant part is solid.
On the one hand yes, amortisation is a perfectly acceptable term used in the profession.
Amortisation by definition (in this example) refers to intangible assets, and this is why it's bollocks. Because it's intangible. Therefore arbitrary. Yes there might be particular conventions or accepted practice but ostensibly we're calculating (and charging to our I&E) a monetary value - which lest we forget is in part used to determine profit for example - based upon something arbitrary. And therefore bollocks. Or to use a more sophisticated term, made-up.
Or maybe it all is....who am I to say?