Which of the following items are required to calculate "value in use" of an asset?
A) Exit and entry prices
B) Purchase price and cost of disposal
C) Estimated net future cash flows and appropriate discount rate
D) Estimated net future cash flows
E) None of the given answers

Question

Quizplus · Accepted Answer

"Value in use" of an asset is calculated by estimating the asset's net future cash flows and determining an appropriate discount rate. Option C includes both of these required elements. The other options (A, B, and D) do not include all the necessary components. Option E is not a valid answer as there is at least one correct answer.

Which of the Following Items Are Required to Calculate "Value