Definition of dolmen. : a prehistoric monument of two or more upright stones supporting a horizontal stone slab found especially in Britain and France and thought to be a tomb.
Depreciation. Depreciation is accounted for as an expense. Higher depreciation leads to smaller incomes and/or bigger losses, and is included as part of the period's income or loss on the business's statement of retained earnings.
As obvious from the above formula, the basic elements of a statement of retained earnings are: 1  Beginning balance of retained earnings. 2  Corrections for prior errors along with the related tax effect. 3  Net income.  Dividends or withdrawals by the owner(s) if any.