Information about depreciation, insurance, and property taxes for the factory building of a manufacturing business would be shown in the Operating Expenses section of the income statement.

Question

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Depreciation of the factory building is typically shown under operating expenses, but insurance and property taxes for the factory building might be included in the manufacturing overhead and not listed separately in the operating expenses section of the income statement. These costs are allocated to the cost of goods sold rather than being treated as direct operating expenses.

Information About Depreciation, Insurance, and Property Taxes for the Factory