Which of the following is not included in gross operating surplus?

Question

Quizplus · Accepted Answer

Gross operating surplus is the excess of a firm's revenue over its operating expenses, including depreciation. Therefore, the purchase of new equipment by the government (D) is not included in gross operating surplus since it is a capital expenditure and not an operating expense. The depreciation of the university's photocopier (A), the depreciation of a United Way sign (C), and the profits net of depreciation of Bombardier (B) are all operating expenses that are included in gross operating surplus.

Which of the Following Is Not Included in Gross Operating