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2. [Final Subheading] Depreciation expense:

  • Equipment (percentage x price); Vans (percentage x price);Loan & Bank interest (percentage x price)
  • Equipment & Vans (percentage x price); Loan & Bank interest (percentage x price)
  • (percentage x price)

3. Final result:

  • Gross Profit
  • Total sales
  • Net profit
  • Total Income

4. Bad debts included

  • Yes after Depreciation expense
  • No
  • Yes after accruals
  • Yes after Less Cost of sales

5. Totals:

  • Gross profit after Sales and Cost of sales & Net profit at the end
  • Gross profit; Total sales: Net profit


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