Assuming a 20 tax rate Net Income. Depreciation is an accounting method of allocating the cost of a tangible asset over its useful life. Difference Between Income Statement Statement Template Profit And Loss Statement So if interest expenses are present in the cash flow statement those should be added to the income before income taxes item as well to get EBITDA earnings before. . This amount shows the portion of the assets cost used up during the accounting period. Book value Cost of the asset accumulated. Amortization focuses on the intangible assets of a company. On the income statement depreciation appears as a. Depreciation 2 Straight line depreciation percent book value at the beginning of the accounting period. The basic difference between depreciation expense and accumulated depreciation lies in the fact that one appears as an expense on the income statement depreciation and. This means youll see mo