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To: Skeeter Bug who wrote (46499)6/21/1999 4:36:00 PM
From: Carl R.  Read Replies (2) | Respond to of 53903
 
Skeeter, I don't mean to be rude, but pick up an accounting book and read it some time. It would do you some good. Depreciation does not affect cash flow. Depreciation does affect income.

If you can remember just one accounting formula, make it this one:
profit + depreciation = cash flow
or if you prefer, profit = cash flow - depreciation

Carl



To: Skeeter Bug who wrote (46499)6/21/1999 4:36:00 PM
From: Fabeyes  Respond to of 53903
 
In reality this is really starting to drag on them. Taxes are a lot and just keeping the "lights" on cost hundreds of thousands each month.


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