Depreciation is recorded in the income statement like any other regular operating expense. If the three plants are used for production, the costs are included in the operating expenses section of the income statement.
Balance Sheet Depreciation
Depreciation is included on the asset side of the balance sheet to indicate the depreciation of fixed assets at a given point in time.
Depreciation is the cost of an asset that has been depreciated over a single period and indicates how much of the asset has been used up during the year. Accumulated depreciation is the total depreciation expense assigned to an asset since it was used.
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