Note 1 — Chapter VII · INTERRELATION BETWEEN THE ECONOMIC AND THE FINANCIAL ELEMENTS OF A BUSINESS, AND SOME INTER-RATIOS
Reading edition
The student should note the manner of showing depreciation reserves in the comparative balance sheet. This is done solely for the purpose of eliminating the detail column in the assets needed to handle the subtraction item. This method of showing is countenanced only in comparative statements where saving of space is a chief consideration.