What Is the Meaning of "Value in Use

question 4

Multiple Choice

What is the meaning of "value in use"?

• A)The cost required to replace the productive capacity of an asset.
• B)The value of an asset in an input market or output market on the date of measurement.
• C)The value expected from the sale of an asset, net of any costs of disposal.
• D)The discounted value of cash flows expected from using an asset for its intended purpose.

---

Definitions:

Remedy

A legal solution or compensation awarded to an aggrieved party in a judicial proceeding.

Breach of Contract

The failure, without legal excuse, to perform any promise or obligation outlined in a contract.

Respective Promises

Promises made by two or more parties where each party's promise is considered in regard to, or in relation to, the promises of the other party or parties.

Quasi-Contract

A legal concept where the court imposes a contractual obligation on a party who has not actually entered into a contract, to prevent unjust enrichment.