> By adding back depreciation, aren't you assuming the assets will > never have to be replaced? > If the assets are depreciated over a shorter period than their expected > life, an adjustment should be made accordingly. > But adding back all depreciation is not reflecting reality. > If I am counting only the maintenance expenses on my car, I am fooling > myself.
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See my comment to Mr. Gue's reply to you.
Nov 02 10:50 am
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All Comments by elliot_mllr »On EPS and MLPs [View article]
On Nov 01 02:07 PM Karl Glazier wrote:
> By adding back depreciation, aren't you assuming the assets will
> never have to be replaced?
> If the assets are depreciated over a shorter period than their expected
> life, an adjustment should be made accordingly.
> But adding back all depreciation is not reflecting reality.
> If I am counting only the maintenance expenses on my car, I am fooling
> myself.