Eco dep > Actg dep Eco income < Actg income is this standard?
this is bullshit. accounting dep > econ dep due to accelerated depreciation!
Dont know about the dep, but eco income has to always be less than actg income due to opprtunity costs incurred by debt and equity holders. Does it make sense? I don’t know…Thats what CFAI wants and thats what it will have to be.