The Total Non-Operating Expenses calculator computes the total Non-Operating Expenses which are the expenses incurred by activities not relating to the core operations of the business. The expenses include the folllowing:
(r) Rent: Rent is an agreement where a payment is made for the temporary use of a good, service or property owned by another.
(pt) Property Tax: Property Tax is a levy on property that the owner is required to pay. The tax is levied by the governing authority of the jurisdiction in which the property is located; it may be paid to a national government, a federated state, a county or geographical region, or a municipality..
(i) Insurance: Insurance is an agreement in which a person makes regular payments to a company and the company promises to pay money if the person is injured or dies, or to pay money equal to the value of something (such as a house or car) if it is damaged, lost, or stolen
(d) Depreciation: A decrease in an asset's value caused by unfavorable market conditions.
(a) Amortization: The spreading out of capital expenses for intangible assets over a specific period of time (usually over the asset's useful life) for accounting and tax purposes. Amortization is similar to depreciation, which is used for tangible assets, and to depletion, which is used with natural resources. Amortization roughly matches an asset’s expense with the revenue it generates.
(ie) Interest Expense: The cost incurred by an entity for borrowed funds. Interest expense is a non-operating expense shown on the income statement. It represents interest payable on any type of borrowings – bonds, loans, convertible debt or lines of credit.
Resource:
Dopson, Lea R., and David K. Hayes. Managerial Accounting for the Hospitality Industry. Hoboken, NJ: Wiley, 2009. Print.
"Non-Operating Expense Definition | Investopedia." Investopedia. N.p., 20 Aug. 2007. Web. 07 Aug. 2015.
"Renting." Wikipedia. Wikimedia Foundation, n.d. Web. 07 Aug. 2015.
"Property Tax." Wikipedia. Wikimedia Foundation, n.d. Web. 07 Aug. 2015.
"Interest Expense Definition | Investopedia." Investopedia. N.p., 26 May 2004. Web. 07 Aug. 2015.