“Depreciation, block of assets, purchase value, residual value, scrap value, kick-ud the bucket of the beenis… I wish you could able to understand.”
“Don’t you need to make an adjustment.”<- this is NOT a question.
Now with all these ever-increasing acronyms denoting various forms or levels of profit thrown at us everyday, I have decided to coin the mother of all profit acronyms, the ultimate profit acronym… PBCODIT: Profit before CoGS, Operating Expenses, Depreciation, Interest and Taxes… go figure.
This was a post I had written over four years ago in the earlier version of my blog. Though it’s more like an IIM Indore internal thing, I still enjoyed reading it again today.