As we’ve mentioned before, depreciation should not be included as an expense item for the purpose of this template because it is not a cash expense. We do however recommend that the deterioration of the condition of fixed assets is considered when estimating the capital expenditure amounts, especially in years 4 and 5.

CopyFinancial > As we’ve mentioned before, depreciation should not be included as an expense item for the purpose of this template because it is not a cash expense. We do however recommend that the deterioration of the condition of fixed assets is considered when estimating the capital expenditure amounts, especially in years 4 and 5.