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my understanding is that NOI wouldn’t have included deprecation in it anyway. Therfore, since depreciation was not deducted in arriving at NOI, there would be no need to add it back (unlike other cash flow calculations that start with NET INCOME, which is inclusive of depreciation expense).
I’m not sure if thats technically correct, could someone please verify? Stuck at work and cant really look it up…. |
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发表于 2013-4-17 19:14
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