1.   And if the assets turn out to be not so worthless after all, any income they produce drops straight to the bottom line, unimpeded by depreciation expense.

2.   Add back what it has taken in depreciation expenses and accounts payable.

3.   All of which leads some analysts to the view that lower interest cost, reduced depreciation expense and clever tax avoidance tactics are a better explanation for phenomenal profits.

4.   Profits will suffer as depreciation expenses rise.

5.   Since the one-time charge reduces the value of the acquired assets, it also lowers depreciation expense in future years.

6.   That is because those assets will be depreciated from a lower level, thus providing a lower depreciation expense each year.

7.   The growth was partly offset, however, by higher newsprint costs and greater depreciation expense in the quarter.

8.   To correct this problem, the contract would allow businesses to increase their depreciation expenses each year to reflect the effects of inflation and the time value of money.

9.   Toyota said lower depreciation expenses were another factor helping it to overcome the adverse impact of the strong yen.

10.   Toyota said that a reduction of depreciation expenses was another factor helping it to overcome the adverse impact of the rise of the yen.