InvestorsHub Logo
icon url

Y U Axing Me

04/30/12 11:08 AM

#78185 RE: thebigfunk #78181

Amortization and Depreciation are both listed on the 2nd page of the FINS im not sure where you are saying they are not...


You should compare those numbers to the previous reports....you'll see those numbers haven't changed since 31 December 2010. Amort and Depr on the balance sheet is a running total. If they depreciated or amortize for this quarter, you'd see it on the Income Statement (P&L).

Accounting 101.
icon url

Sharkey

04/30/12 11:13 AM

#78189 RE: thebigfunk #78181

The depreciation and amortization amounts shown on the Balance Sheet are the accumulated amounts that have been recorded in prior years. The amounts for the current year would be shown on both the Profit and Loss statement and the Statement of Cash Flows. There are no amounts shown on either report. In addition the company did not reflect any depreciation and amortization amounts for 2011. they have not reflected any amounts for these items since 2010.