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What else can I help you with?
Do cash flows include depreciation?
Depreciation don't have any impact on cash flow statement as there is no cash inflow or outflow due to depreciation that's why in indirect method net income is adjusted for depreciation to arrive at actual cash flow.
Measures to correct the deficit in the balance of payments?
Measures to correct the deficit in the balance of payments include deflation, depreciation, and devaluation. In addition, there is exchange control.
Does cash cost include depreciation?
NO
Does EBIT include depreciation and amortization expenses?
No it doesn't include
Non renewable energy resources include oil coal and natural gas?
Yes that is a correct statement.
What is the purpose of depreciating an asset on one's financial statement?
Depreciable assets include those assets that are capitalized i.e. not expensed. Examples include buildings, capital equipment, and the like. Depreciation allows someone to invest in these items and not subtract the full value of that investment in the first year, since the investment retains value over the years. Book depreciation is different from tax depreciation which is different from actual depreciation. Items that are commonly expensed are advertising expense, software expense, and research and development expenses (sometimes). Assets that are neither expensed nor depreciated, but just sit on the balance sheet, include raw land and goodwill.
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.
What would a permanent accounts include accumulated depreciation?
yes
What is a depreciation on fixed assets?
Depreciation on fixed assets refers to the systematic allocation of the cost of a tangible asset over its useful life. This accounting method reflects the wear and tear, obsolescence, or decrease in value of the asset over time, allowing businesses to match the cost of the asset with the revenue it generates. By recording depreciation, companies can reduce their taxable income, as it is treated as an expense on the income statement. Common methods of calculating depreciation include straight-line, declining balance, and units of production.
How many years can you depreciate a Copier?
Look in your financial statement completed by your accountant, you should have depreciation % by category in the notes. If a copier doesn't have it's own category, you could include it with your hardware and/or computer depreciation. Usually it's around it's useful life expectancy. I would guess around 5 years but check with your accountant.
Is this spelled correct include?
Yes, include is correct.
What is the entry to close the depreciation expense account would include a debit of?
To close the depreciation expense account, the entry would include a debit to the Income Summary account. The corresponding credit would be made to the depreciation expense account, effectively zeroing it out for the period. This entry reflects the transfer of the expense to the Income Summary, where it will ultimately affect the net income calculation for the period.
