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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.

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14y ago

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Related Questions

Why organisations need to recognize depreciation expense in the income statement?

Explain the concept of depreciation and why organisations need to recognise deprecations expense in the Income Statement.


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accumulated depreciation is a part of financial statement while its counteract or effect is recorded into income statement as a Depreciation Expense.


Accumulated Depreciation is reported on the income statement?

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Is Accumulated Depreciation is reported on the income statement?

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For income statement purposes depreciation is a variable expense if the depreciation method is?

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Is it correct to include depreciation of disposed of asset in income statement?

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How do you double entry on depreciation?

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