These costs could include depreciation of buildings, security, fire protection and the use of sites off the campus.

Operating income does not include debt expenses, taxes, depreciation or amortization.

The theory behind including depreciation as an expense is that capital may be accumulated for further expansion and growth.

Typical business expenses include salaries, utilities, depreciation of capital assets, and interest expense for loans.

The year also included pretax depreciation of $1,805,000 on rental properties held for investment.

Its total return, which includes yield and capital appreciation or depreciation, was negative 4.62 percent.

Secondly, the capital charges are to include depreciation and an interest element.

Or in each case, actual costs may be deducted; for business that includes depreciation.

These expenses may include mortgage interest, insurance, utilities, repairs, and depreciation.

Fixed costs, which included insurance, depreciation, registration, taxes and financing, averaged $11.37 a day.