Accounting cost does not measure depreciation because the change in market value of the asset and; includes the wages paid workers
Accounting costs measure the price of taking an action. they're the explicit costs involved with the business. for instance , if a corporation wants to open a satellite office in a new market, they need to make investments, like new hires, computer equipment, software systems, rent, and inventory.
Accounting profit is that the net income for a company or revenue minus expenses. you'll determine economic profit by subtracting total costs from a company or investment's total revenue or return. Companies report their accounting profits to investors on their income statements and to the IRS for tax purposes.
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