Proposition 10.9.12. Let L\xrightarrow {u} M\xrightarrow {v} N be an exact sequence of R-modules. Then S^{-1}L \to S^{-1}M \to S^{-1}N is also exact.
Localization is exact.
Proof. First it is clear that S^{-1}L \to S^{-1}M \to S^{-1}N is a complex since localization is a functor. Next suppose that x/s maps to zero in S^{-1}N for some x/s \in S^{-1}M. Then by definition there is a t\in S such that v(xt) = v(x)t = 0 in M, which means xt \in \mathop{\mathrm{Ker}}(v). By the exactness of L \to M \to N we have xt = u(y) for some y in L. Then x/s is the image of y/st. This proves the exactness. \square
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