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IAS 36 application in F7

This topic has 1 reply, 2 voices, and was last updated 9 years ago by MikeLittle.

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April 17, 2015 at 11:59 pm #241650
oki
Member
- Topics: 8
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please if the value in use of an asset and the discounting factor for the same year as the accounting year in question is given,do I still discount the figure or NOT since it relates to the same year in the question
April 18, 2015 at 12:25 am #241651
MikeLittle
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- Topics: 27
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If value in use is given, I can only assume that this is the discounted value of the estimated future cash flows – that’s what value in use is. Have you really come across a question that gives you both a figure for value in use as well as the company’s cost of capital?
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