Also referred to as a profit and loss statement ... profit margin and total expenses. The net income depicts the business' revenues and debt. Depreciation reflects the decrease in value of ...

Financial statements include the balance sheet, income statement ... sales commissions and rent. Depreciation. Depreciation expense is usually included in operating expenses and/or cost of ...

Impairment, on the other hand, is the sudden and often significant reduction in the value of an asset. Unlike depreciation, ...