Why is depreciation not added back to operating income after taxes in Table 28 (Basic Capital budgeting example) as it is added back in previous examples, page 60 of CFA-reding 27
It is added back, they just don't have a line for it after "Operating income after taxes". The difference between "After-tax operating cash flow" and "Operating income after taxes" is the depreciation amount of 30,000.
发表于 2011-7-13 13:47
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