Example of Internet Expense

NOTE 14 - INTERNET STORAGE AND ACCOUNTS

This account represents the costs associated with storing the training information on an Internet server and the costs associated with purchasing three (3) Internet assess accounts for our workers. These are presented below.

  YEAR 1 YEAR 2 YEAR 3
Forecasted Internet storage/month $150 $160 $170
Forecasted Internet Account cost/year $750 $780 $825

 

As a result, the following yearly balances in this account can be viewed under J&B's forecasted income statements.

  YEAR 1 YEAR 2 YEAR 3
Internet Storage and Accounts Expense $2,550 $2,700 $2,865