If you buy a facility, you can deduct the mortgage interest that you pay. You can also deduct the depreciation amount on your income statement. You can use the straight-line method or accelerated ...

Like any other expense, a company must account for its supply costs on the income statement. A basic multiple-step income statement is set up to separate operating and non-operating expenses.

Operating income measures a company’s efficiency and performance and is the profit after operating expenses have been subtracted from gross profit. Before delving further into operating income ...