Question 4b
Marking Guide
(b) For 2013 and 2014
Add depreciation and deduct economic depreciation to operating profit 1
Adding back non-cash expenses 1
Calculation of economic profit after tax 1
EVATM calculations 2
(b) For 2013 and 2014
Add depreciation and deduct economic depreciation to operating profit 1
Adding back non-cash expenses 1
Calculation of economic profit after tax 1
EVATM calculations 2