If all values carry a + sign, cash flow before taxes (CFBT) is represented by the equation:
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If all values carry a + sign, cash flow before taxes (CFBT) is represented by the equation:
(a) Gross income – operating expenses – depreciation – initial investment + salvage value
(b) Gross income – operating expenses – depreciation + salvage value
(c) Gross income – operating expenses – initial investment + salvage value
(d ) Gross income – operating expenses + initial investment + salvage value
Salvage ValueSalvage value is the estimated book value of an asset after depreciation is complete, based on what a company expects to receive in exchange for the asset at the end of its useful life. As such, an asset’s estimated salvage value is an important...
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