Last question. When you have have to figure FCinv from the gain(loss) on the I/S and the PP&E figures from the B/S, i use
A. FCinv = ending net PP&E - beginning net PP&E + depreciation - gain on sale
Does this Depreciation amount cancel the NCC charge (assuming Dep is the only NCC) in the FCFF formula below?
B. FCFF = NI + NCC + int(1-tax) - FCinv - WCInv.
or is this depreciation amount in formula A different from the NCC charge from formula B?
As always, Thanks and much appreciated