How do you model PPA amortization impact in A/D, and why is cash EPS often fairer?

PPA amortization from customer relationships, technology, and other finite-lived intangibles reduces GAAP EPS after closing. It is non-cash, but it can make a strategically attractive deal look dilutive. Cash EPS adds back after-tax PPA amortization to focus on cash earnings. Show both GAAP EPS and cash EPS, but be clear that amortization reflects real purchase-price allocation, not operating cash outflow.