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    Unit # Depreciation: Income Statement

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    tahir
    Depreciation is the reduction in value of an asset over time due to wear and tear and obsolescence. An income statement is published by a company at the end of the year to show financial performance for a period, usually one year, and is calculated as revenue minus expenses to determine profit or loss. Expenses are either revenue expenses which provide benefit within a year like utilities or capital expenses which provide benefit for more than one year.

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    Unit # Depreciation: Income Statement

    Uploaded by

    tahir
    14 views1 page
    Depreciation is the reduction in value of an asset over time due to wear and tear and obsolescence. An income statement is published by a company at the end of the year to show financial performance for a period, usually one year, and is calculated as revenue minus expenses to determine profit or loss. Expenses are either revenue expenses which provide benefit within a year like utilities or capital expenses which provide benefit for more than one year.

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    engineering economics notes

    Original Title

    Engg ECO.

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    Depreciation is the reduction in value of an asset over time due to wear and tear and obsolescence. An income statement is published by a company at the end of the year to show financial performance for a period, usually one year, and is calculated as revenue minus expenses to determine profit or loss. Expenses are either revenue expenses which provide benefit within a year like utilities or capital expenses which provide benefit for more than one year.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    14 views1 page

    Unit # Depreciation: Income Statement

    Uploaded by

    tahir
    Depreciation is the reduction in value of an asset over time due to wear and tear and obsolescence. An income statement is published by a company at the end of the year to show financial performance for a period, usually one year, and is calculated as revenue minus expenses to determine profit or loss. Expenses are either revenue expenses which provide benefit within a year like utilities or capital expenses which provide benefit for more than one year.

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    of 1

    Engg. Eco.

    & Estimation

    Unit #

    Depreciation

    Depreciation: It is the reduction in prize of asset ______ due to following


    reason: Wear and tear
    Obsolescence

    Income statement:
    It is a statement publishes by the company at the end of the year and shown
    financial performance for a particular period which is normally one year. However,
    it can be prepared for quarter or a month.
    Income statement = revenue expenses (profit / loss)

    Revenue expenses:
    These are the expenses from which we use get the benefit with in one year. For
    example Telephone, Electricity, supply, oil etc.

    Capital expenses:
    These are the expenses from which we get the benefit for more than the one year.

    Muhammad Kashif Jamil


    B.Tech. (pass) 08MR-07

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