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QUESTION
Noble Limited estimated that it would receive future cash flows from the use of equipment as follows:
Noble Limited estimated that it would receive future cash flows from the use of equipment as follows:
End of Year 1 $20 000
End of Year 2 $70 000
End of Year 3 $40 000
End of Year 4 $30 000
The discount rate was determined as 5%. The 'value in use' of the equipment is:
a. $141 774
b. $160 000
c. $142 727
d. unable to determine from the information provide
