Gross, Net and Depreciation
Gross, Net and Depreciation
A gross value is measured before deducting depreciation. A net value is measured after deducting depreciation, so the only difference between matching gross and net figures is capital consumption.
Step-by-step lessons on CIE Intl A Level Economics 4.1.4 adjustment of measures from gross values to net values. Each one builds up to exam-style questions.