• tider06@lemmy.worlddeleted by creator
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    3 years ago

    Profit is what’s left of revenue after expenses are covered.

      • tider06@lemmy.worlddeleted by creator
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        3 years ago

        It’s an asset charged as a fixed expense, depreciated over time. It is an expense, generally property or equipment, but still is an expense, which is defined as money spent in pursuit of revenue, which is determined before profit.