L2 FCFF FCInv，求问 sales, 的, capital, assets

六棵

FCFF=NI+NCC+[INT*(1-t）]-FCInv-WCInv
而FCInv=capital expenditure-proceeds from sales of long-term assets
我理解这个proceeds from sales of long-term assets是出售固定资产的全部所得，包括BOOK Value 和 GAIN&LOSSGAIN&LOSS不是已经包括在NI里面了吗？为什么现在算FCFF的时候又要算一遍？不重复么

cpaking23

You should understand NCC in your equation to include both non-cash charge like depreciation expense and Non-CFOA I/S items like gain/loss from fixed assets disposal