Income statement: Depreciation -> COGS
I’m not sure if this is level 1@@
Just want to check if deprecation will be classify in COGS within income statement? Many thanks!
Why I’m asking this is because Capitzlized Interest
Book2, page 36 - Capitalized Interest
Capitalized interest is not reported in the income statement as interest expense. Once construction interest is capitalized, the interest cost is allocated to the income statement through depreciation expense or COGS.
My first instinct is will it the same result? Thanks!