What is the difference between depreciation on the income statement and balance sheet?

Question added by Shameer Nazir Madari , Assistant Finance Manager , METAL AND RECYCLING COMPANY K.S.C. (PUBLIC)
Date Posted: 2016/04/21

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by Izaldeen Nofal , Financial Manager , Alsakhra concrete co.

1.depreciation on the income statment for one year

2. depreciation on the balance sheet it is total of depreciation from beginning of use the aseet

What is the difference between Income statement & Balance Sheet?
Top Answer: IS reflect the performance while the BS portrays the Financial position of an entity. See More

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How are the income statement and balance sheet linked?
Top Answer: I think the answer is D. Net income from the income statement transfers to the balance sheet equity secti ... See More

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Accumulated "Depreciation" is recorded on Income Statement or Balance Sheet?
Top Answer: Accumulated depreciation on Balance sheet and Depreciation on Income statement. See More

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When balance sheet amount is related to an income statement amount in computing a ratio?
Top Answer: <p>A. Balance sheet amount should be converted to an average for the year</p> See More

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