View Full Version : Multiple Step Income Statement
back2school4me
Nov 2, 2007, 10:58 AM
Can you please tell me if Accumulated Depreciation - vehicles is an operating expense or a administrative expense?
CaptainForest
Nov 2, 2007, 12:34 PM
It depends what the car was being used for.
Therefore, it could be either or.
Is the car used to transport stuff?
Or is it a person perk to the CEO who uses it to drive to and from work?
back2school4me
Nov 2, 2007, 12:36 PM
It depends what the car was being used for.
Therefore, it could be either or.
Is the car used to transport stuff?
Or is it a person perk to the CEO who uses it to drive to and from work?
It doesn't state that's why I wasn't sure where it belonged. Possibly under other expense?