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In Chapter 7 example 8, whether or not the average profits from investment are always before depreciation?
Many thanks
Profits are always after depreciation!!! (Think back to Paper F3, or whatever exempted you from F3 🙂 )
Are you not watching the free lectures (because this is explained in the lecture)? The lectures notes are only notes and it is in the lectures that I explain and expand on the notes. If you are not watching the lectures for any reason then there is no point at all in using the notes – you should buy a Study Text from one of the ACCA approved publishers and study from there.
Sorry I’m watching it, but didn’t pay attention. I realise that’s accounting profit.
Many thanks
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