Accounting




Not signed in (Sign In)

Categories



Welcome, Guest

Want to take part in these discussions? If you have an account, sign in now.

If you don't have an account, apply for one now.

Vanilla 1.1.2 is a product of Lussumo. More Information: Documentation, Community Support.







General Accounting Discussions: Is it possible to have Manufacturing Depreciation for the period show up on the Balance Sheet?

Bottom of Page

1 to 3 of 3

  1.  
    • CommentAuthorgrendel67
    • CommentTimeMar 3rd 2008
     
    Is it possible to have Manufacturing Depreciation for the period show up on the Balance Sheet?
    • CommentAuthorsn
    • CommentTimeMar 15th 2008
     
    Depreciation will be shown in the income statement and Accummulated depreciation will be shown in the balance sheet
    • CommentAuthorCounter
    • CommentTimeMar 18th 2008
     
    Manufacturing depreciation will be part of manufacturing overhead. Manufacturing overhead (plus direct materials and direct labor) makes up a product's cost for inventory and cost of goods sold. If a product is manufactured in the current period and it is not sold, the product and some of the manufacturing depreciation assigned to it through the overhead rate will be on the balance sheet as part of the cost of Inventory.

1 to 3 of 3

  1.