Depreciation and amortization expenses appear in the income statement, and are sometimes
A)disclosed separately.
B)included in selling and administrative expenses.
C)included as part of cost of goods sold expense.
D)all of the above
E)none of the above

Question

Quizplus · Accepted Answer

Depreciation and amortization expenses can be reported in various ways on the income statement: separately as their own line items, included within selling and administrative expenses, or as part of the cost of goods sold, depending on the nature of the assets and the company's accounting policies.

Depreciation and Amortization Expenses Appear in the Income Statement, and Are