Capitalized Expense Treatment in LBO
When calculating levered FCF in an LBO, is the impact of capitalized expenses embedded in depreciation, CapEx, or both? Would appreciate it if someone can explain / give an example! Thanks all!
When calculating levered FCF in an LBO, is the impact of capitalized expenses embedded in depreciation, CapEx, or both? Would appreciate it if someone can explain / give an example! Thanks all!
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