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Where does the purchase of equipment show up on a profit statement?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 asked

Hi, Where does the purchase of equipment show up on a profit and loss statement?

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

The purchase of equipment that will be used in a business is not reported on the profit and loss statement.

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Open uri20170510 32134 s5bvk0?1494421637 answered

Dear Friend, as far as your query is concerned that Where does the purchase of equipment show up on a profit statement? Let me informed that The purchase of equipment that will be used in a business is not reported on the profit and loss statement. However, the depreciation of the equipment will be reported as depreciation expense on the profit and loss statements during the years that the equipment is used. Hope answer was helpful to you Regards, Arjun Pratap Singh

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