Capital Budgeting

Why is depreciation not added back to operating income after taxes in Table 28 (Basic Capital budgeting example) as it is added back in previous examples, page 60 of CFA-reding 27

It is added back, they just don’t have a line for it after “Operating income after taxes”. The difference between “After-tax operating cash flow” and “Operating income after taxes” is the depreciation amount of 30,000.