the first year's depreciation using the sm-of-the-year's method?

[Roxyr]

Business English Lesson, Advanced Level

ESL/EFL Test #152 "Income Statements", question 1

The statement of income and expenses reports the company's income and expenses for the time period: it is also called a .........-and-loss statement.

(a) earnings
(b) gain
(c) profit
(d) win

Business English Lesson, Advanced Level

ESL/EFL Test #152 "Income Statements", answer 1

The statement of income and expenses reports the company's income and expenses for the time period: it is also called a profit-and-loss statement.

Correct answer: (c) profit
_________________________

how do i find depreciation and the first year's depreciation using the sm-of-the-year's method?

Roxyr