In measuring economic profit how do you deal with a one time event economically speaking?

Question

In measuring economic profit how do you deal with a one time event economically speaking?

Answer 1

The challenge is not the economic treatment of one time events, but the accounting treatment for Extraordinary and Nonrecurring Items or Events. Profits are profits, whether they result from a windfall or not. Accounting however attempts to paint a reliable picture about the financial status of a firm and accounting statements are often used to extrapolate into the future, so how to account for one-time events matters. See http://beginnersinvest.about.com/cs/inve...

Answer 2

Profit is profit whether it is recurring or not.