The top-down approach for calculating project operating cash flow does not require you to add back noncash deductions such as depreciation.

Name: The top-down approach for calculating project operating cash flow does not require you to add back noncash deductions such as depreciation.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The top-down approach starts with sales and subtracts cash expenses and taxes, inherently excluding non-cash items like depreciation from the calculation.

The Top-Down Approach for Calculating Project Operating Cash Flow Does