Where does amortization go on income statement?
Discussion on internships, jobs and graduate schemes for playing with numbers and cooking the books.
| Announcements | Posted on | |
|---|---|---|
| Please change your TSR password | 23-05-2013 | |
| Enter our travel-writing competition for the chance to win a Nikon 1 J3 camera | 20-05-2013 | |
| Interview discussion rules - please read before posting! | 12-01-2013 | |
-
- Reputation:
- Thread Starter
- Full Member
- Posts: 139
Where does amortization go on income statement?I need to put "Amortisation of bank loan issue costs" specifically in one of the three:
Less: Operating Expenses
Less: Interest Expense
(no capitalized interest)
Other Income (Expenses)
Unusual or Infreq. Item;
Which one is it? -
- Reputation:
- Thread Starter
- Full Member
- Posts: 139
Re: Where does amortization go on income statement?It has to be specifically one of those three I posted in the OP. Are you trolling?(Original post by ken2)
Amortisation is the equivalent of depreciation as applied to leasehold premises.
It will be included in the profit and loss account.
Does this help? Anything else?
This was posted from The Student Room's Android App on my GT-I9100
-
- Reputation:
- Exalted Member
- Posts: 360
(Original post by NocturnalInsomniac)
It has to be specifically one of those three I posted in the OP. Are you trolling?
Thats all i know about amortisation unfortunately, sorry i should have read the whole post not just the title...(Original post by ken2)
Amortisation is the equivalent of depreciation as applied to leasehold premises.
It will be included in the profit and loss account.
Does this help? Anything else?
This was posted from The Student Room's Android App on my GT-I9100
This was posted from The Student Room's Android App on my GT-I9100
