Dec 22 Q2b - Discussion on assumption

The examiner was wrong to have included this paragraph in his comment (I think he had probably copied it from his comment on an earlier exam). There is mention of deprecation in the question and it has been added back as not being a cash flow. However more often in question it is not added back because it is assumed that an equal amount is spent on maintaining assets (as I explain in my lectures). However that is not the case in this question which is why that paragraph in his comments is not true.