Net income would decrease by 1,000,000 - would have no effect on cash flow.
Sales revenue 30 million Less: Expenses 26.6 million (balancing figure) Less: Depreciation 1 million Net income 2.4 million
Revenue 12000000 Less: Expenses @ 75% of revenue 9000000 Depreciation 1500000 Net Income 1500000
the remainders of money after a companies revenue is deducted
D&A = 2.5 million
Yes depreciation is included in contribution income statement as depreciation is part of fixed cost of company.
Accumulated Depreciation is reported on the balance sheetbecause it deals with the assets. However, depreciation expense is mentioned on the income statement.
Accumulated Depreciation is reported on the balance sheetbecause it deals with the assets. However, depreciation expense is mentioned on the income statement.
Depreciation of any asset is charged to income statement till the actual date of disposal of asset and after that date depreciation is not charged to income statement.
Yes, depreciation is an expense and like all other expenses which reduces the incomes depreciation also reduces the income and as lower the income as lower the tax.
accumulated depreciation is a part of financial statement while its counteract or effect is recorded into income statement as a Depreciation Expense.
Depreciation Expense reduces net income and has no effect on cash flow.
Units-of-production