wow…lots of time on your hands
ROE would be lower in the later years… whats what schweser says.
nm im wrong, i was thinkin about Cap Expenses
for capitalized expenses, it’s Higher ROE in the year in question. This is due to no interest payment, hence the expense is only depreciation and depreciation is higher than if you expense the whole thing outright In capitalized lease, it’s lower ROE in the earlier year, due to interest payment+depreciation>than lease payment. Do I get this all right?