Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   Multiple Step Income Statement (https://www.askmehelpdesk.com/showthread.php?t=147781)

  • Nov 2, 2007, 10:58 AM
    back2school4me
    Multiple Step Income Statement
    Can you please tell me if Accumulated Depreciation - vehicles is an operating expense or a administrative expense?
  • Nov 2, 2007, 12:34 PM
    CaptainForest
    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?
  • Nov 2, 2007, 12:36 PM
    back2school4me
    Quote:
    Originally Posted by CaptainForest
    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?

    • All times are GMT -7. The time now is 10:25 AM.