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Remove Conditional Fields from the Profit And Loss Statement

Remove Conditional Fields from the Profit And Loss Statement

Aug 6th, 2022

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How to Remove Conditional Fields from the Profit And Loss Statement

4.6 out of 5

23 votes

hey guys brette from here and today we are looking to profit loss statement from the view of depreciation which can be a little bit confusing for some people so were gonna sort that out for you today so lets assume in our business where you decide were going to buy this funky-looking big tractor maybe an earthmover maybe were a builder or something like that but never buy this big machine thing right um lets say this big machine being costs $100,000 okay now heres how it will flow through your financial statements so first of all lets assume weve got $200,000 already on our balance sheet sitting in our bank account somewhere okay now weve just bought this hundred thousand dollar tractor whats going to happen is your property plant and equipment will go up by a hundred thousand and our bank balance from here unique okay nothing happens on the PL yet okay any capital purchased like this sits on the balance sheet now goes to Brielle when were going to do our tax and so forth t

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