In the presentation of the income statement at finance.yahoo.com,you will find cost of revenue,not cost of goods sold,with depreciation expense included in cost of revenue.

Question

Quizplus · Accepted Answer

This is because some companies consider more expenses beyond the cost of goods sold to calculate their total cost of generating revenue. Examples of these expenses include the expense of raw materials, labor, and other manufacturing overheads, as well as indirect costs like taxes, insurance, and freight charges. Additionally, some companies may include depreciation expense in the cost of revenue, rather than as a separate line item on the income statement. This presentation method is entirely acceptable under generally accepted accounting principles (GAAP).

In the Presentation of the Income Statement at Finance