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n ? Depreciation does not affect capital budgeting because it is not a cash expense. Annuity due is more valuable than annuity. A positive NPV
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Depreciation does not affect capital budgeting because it is not a cash expense. Annuity due is more valuable than annuity. A positive NPV project can have a profitability index smaller than one. Payback period accounts for the risk of cash flows.
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Introduction to Governmental and Not for Profit Accounting
Authors: Martin Ives, Terry K. Patton, Suesan R. Patton
7th edition
9780132776073, 132776014, 978-0132776011
