This is for all the modeling pros out there who can help.
In a full 3-statement LBO model, how do you take into consideration the "bonus" depreciation until 2023 introduced by the tax reform? (i.e., 100% of Capex incurred)
From what I understand, GAAP depreciation was not affected so the Income Statement does not reflect the change... Do you create a separate schedule and reflect the difference as DTL in the bs/cf?
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