Examlex
Tricon was the restaurant division of PepsiCo until it was spun off in 1997. Since then, Tricon has opened 6,000 KFC restaurants abroad. It has 158 restaurants in Indonesia and more than 500 restaurants in China. All are locally owned and each owner pays a fee to Tricon. Tricon is engaged in
Net Income
The amount of profit left after all expenses, taxes, and costs are subtracted from a company’s total revenue; synonymous with net profit.
Tax Purposes
Describes the reasoning or intention behind financial decisions or calculations made to comply with tax laws and regulations.
Depreciation
The systematic allocation of the cost of a tangible asset over its useful life, reflecting its consumption or loss of value over time.
Straight-line Method
A depreciation method that allocates an equal amount of the asset's cost to each accounting period over its expected useful life.
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