Question
Why do we subtract depreciation in the calculation of EBIAT if we are going to add it back as the next step of the free-cash-flow
Why do we subtract depreciation in the calculation of EBIAT if we are going to add it back as the next step of the free-cash-flow formula?
(To make a better understading, please explain the answer in a simple way and full of all the details)
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Issues In Management Accounting
Authors: David Ashton
2nd Edition
0131892509, 978-0131892507
