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June 2013 Exam Q3 Monty

This topic has 1 reply, 2 voices, and was last updated 6 years ago by MikeLittle.

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April 29, 2018 at 2:50 pm #449341
suewalker2605
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Can you please explain why the amortisation of the deferred development expenditure is added and not subtracted?
April 29, 2018 at 6:06 pm #449362
MikeLittle
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Because amortisation of an intangible asset is the equivalent of depreciation of a tangible asset … and depreciation is added back as a non-cash expense.
And so is amortisation
OK?
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