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Where does depreciation expense go on the statement of cashflows?
Wiki User
∙ 10y ago
Depreciation is not a cause of cash outflow as it is simply a treatment to show capital asset reduction and charge to specific fiscal year that;s why depreciation is not a part of cash flow statement and due to this reason under indirect cash flow statement, in operating activities cash flow it is added back to net income as well.
Wiki User
∙ 10y ago
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Where does accumulated depreciation go on a multiple step income statement?
accumulated depreciation is a part of financial statement while its counteract or effect is recorded into income statement as a Depreciation Expense.
Does office depreciation expense go on income statement?
yes, under operating expenses
What event makes the accumulated depreciation account go up Are these debits or credits to accumulated depreciation?
Depreciating assets over time causes the Accumulated Depreciation to go up with a credit entry. The debit is to depreciation expense.
Does supplies expense go on income statement?
yes
Do you include depreciation expense on the income statement?
Yes you do, there is no specific area that it must go under allowing companies to charge depreciation based on what categories the assets cone under (cost of sales, admin expenses, distribution expenses). Although if it's not clear, normally admin expenses would be considered the norm.
Where does accumulated depreciation go on a multiple step income statement?
accumulated depreciation is a part of financial statement while its counteract or effect is recorded into income statement as a Depreciation Expense.
Does office depreciation expense go on income statement?
yes, under operating expenses
Do deprecations go on an income statement?
Yes depreciation is an expense and it is used to allocate the fixed portion of fixed asset cost to specific fiscal year in which that asset is used.
What event makes the accumulated depreciation account go up Are these debits or credits to accumulated depreciation?
Depreciating assets over time causes the Accumulated Depreciation to go up with a credit entry. The debit is to depreciation expense.
Where does accumulated depreciation go?
Depreciation expense is part of income statement all other expenses are also part of income statement and that's the main purpose of preparing income statement to show all incomes and expenses.
Does supplies expense go on income statement?
yes
Do you include depreciation expense on the income statement?
Yes you do, there is no specific area that it must go under allowing companies to charge depreciation based on what categories the assets cone under (cost of sales, admin expenses, distribution expenses). Although if it's not clear, normally admin expenses would be considered the norm.
Where do the Maintenance expense go on the financial statement?
Maintence Expense is just like any other expense and will be reported on the income statement and deducted from Gross Income to obtain Net Income...
Where does electricity go on the balance sheet?
Electricity is not part of balance sheet rather it is an expense and it is shown in income statement of business as expense.
What can go to Expense Account Choose ccounts payable interest revenue accounts receivable merchandise inventory accumulated depr - building mortgage payable accumulated depr - equipment office?
Accumulated Depreciation Building and Accumulated Depreciation Equipment office
Does loan go under income statement as an expense?
No, it is a liability and goes on the right side of a balance sheet.
Do accruals go in the income statement?
It depends on transactions all receivables and payable are part of balance sheet while actual revenue or expense in part of income statement.
