Question: Why, when computing cash flow, is depreciation first subtracted out but then added back in? Because depreciation is classified as net working capital Because depreciation

Why, when computing cash flow, is depreciation first subtracted out but then added back in? Because depreciation is classified as net working capital Because depreciation is an annuity that is computed through the annuity formula Because depreciation is important only at the very end of a project Because depreciation is a non-cash expense that serves to reduce taxes owed Because depreciation is positive in the beginning but negative at the end
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