The costs that have been presented previously are directly attributable to the business of the company. But, just like with gains, there is a broader range of losses that the company may have:
- Inventory shrinkage, when the company realizes that it has less items in stock than in the inventory list: it occurs due to clerical error or goods being damaged, lost, or stolen.
- Impairment of assets.
- Losses in assets valued at fair value.
As in the other gains, most of these costs do not result from the company’s operation.