smuggycfa

wondering about this:

FCInv = Gross PPE (t) - Gross PPE (t-1)
FCInv = Net PPE (t) - Net PPE (t - 1) + Depreciation (t)

how do you know if what you're being provided is the gross or the net? may sound like a dumb question, but on the mock, I first used the bottom formula (adding depreciation), and didn't get an answer that was valid. Then I used the top one, and got one, so I picked it. I don't really want to be dicking around with that on game day