Is Depreciation an Expense? Is EBITDA Deceitful? Well, it Depends

From a purely accounting standpoint, the answer to “is depreciation an expense” is that yes it is, both in the income statement and the cash flow statement (as a sort of credit). However, the answer to the question “is depreciation an expense I can ignore”, or “is depreciation an expense, and does that mean EBITDA […]