ADDING ASSETS RECENTLY PURCHASED AS AN ADDBACK, REASONABLE OR UNREASONABLE?

Speaking to a trucking company. They recently bought a few trucks, in cash, worth $500k total. So they added back that amount to an EBITDA of $500k which equates to an overall $1 million in SDE for the current TTM. How should one think about modeling this into a valuation? To me, if the value of the assets (trucks) are still worth the $500k and there are potential depreciation advantages in the near future, it may be fair to model in the $500k. I want to make sure I'm being fair to the seller but also looking out for my best interests. Thoughts welcomed?



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