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Unformatted text preview: Depreciation is a non cash expenditure which is deducted from profit an Investment in assets is a capital expenditure which is not allowed as ded income. So depreciation is allowed as expenditure from income stateme It is amortised of assets in a given period of time. 62250 17175 79425 79425 August 31st, 2010 nd loss. duction from ent....
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- Spring '11
- Cash Flow Statement, Generally Accepted Accounting Principles, Non cash expenditure, Salary payable Unearned, Notes payable increase