At 31 December 20X1, Zélandre is estimating the value in use of an injection moulding press with a remaining useful life of three years. The expected pre-tax net cash flows are 55,000 in 20X2, 72,600 in 20X3 and 66,550 in 20X4, received at year-end. The pre-tax discount rate, a single rate for the whole period, is 10 %. What is value in use?
- Net cash flow for 20X2
- 55,000
- Net cash flow for 20X3
- 72,600
- Net cash flow for 20X4
- 66,550
- Pre-tax discount rate
- 10 %