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How might the information or lack of information change

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Question - Stephen Contractors, Inc. owns several buildings, a large amount of machinery and five vehicles. The company is looking to expand in the near future by purchasing more buildings and equipment. In April, the board of directors meets to look over interim financial statements to make decisions about the timing and size of the expansion. Depreciation is only recorded at year-end so the interim statements (January, February and March) do not include any depreciation expense. How would the missing deprecation impact the financial statements? Does the board need to know that information? How might the information or lack of information change the outcome of the board decisions?

Reference no: EM133116778

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