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Why is depreciation added to net income in the Operating Activities category of the statement of cash flows when the indirect method is used?
Depreciation is NON CASH Expense. By adding it back to Net income we get Income which is purely in Cash.
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In profit and loss statement where do you record bad debts?
In a profit and loss statement, bad debts are recorded as an expense. They are typically included in the "depreciation and bad debt" or "allowance for bad debts" category. This category is a deduction from revenues to reflect the estimated amount of uncollectible debts.
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.
What category does Paid-in Capital fall into on the Cash flow statement?
Paid in capital is shown under cash flows from financing activities in cash flow statement.
Which type of statement first states the product's membership in a category and then shows its point of difference from other members of the category?
mission statement
What category does the calculator belong?
operating system
Does telephone go on the income statement?
No, telephone expenses do not go on the income statement. Telephone expenses would be recorded as an operating expense on the income statement under the category of "Communication expenses" or similar designation.
What category the Windows 8 belong?
Windows 8 belongs to the Windows Operating System category.
Which category of operating system is use for the smartphone?
single- user, multitask
PDAs use which category of operating system?
single-user,multitask
Which type of statement first states the product's membership in a category and then shows its point-of-difference from other members of the category?
A unique selling proposition (USP) statement first highlights the product's category membership and then distinguishes it by highlighting a unique aspect that sets it apart from other products in that category. This helps communicate the product's competitive advantage and value proposition to consumers.
What is the capital gains tax on selling a second property?
Capital gains tax for all items of that category - there are many - is 15% of the gain...that is the amount above your basis in the property. Also, on items of property that have had depreciation taken, that depreciation must be recovered and taxed as ordinary income.
What is your car depreciation as a result of hail damage?
Your car will depreciate depending on the size of the dents. A few dents will be different from a hundred dents. Carfax has a category for hail damage.
