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    back2school4me's Avatar
    back2school4me Posts: 2, Reputation: 1
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    #1

    Nov 2, 2007, 10:58 AM
    Multiple Step Income Statement
    Can you please tell me if Accumulated Depreciation - vehicles is an operating expense or a administrative expense?
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    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's Avatar
    back2school4me Posts: 2, Reputation: 1
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    #3

    Nov 2, 2007, 12:36 PM
    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?
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