In Measuring Recoverable Amount Under AASB 136, the Future Net

question 20

Multiple Choice

In measuring recoverable amount under AASB 136, the future net cash flows from an asset are:

• A)required to be added for 10 years from the reporting date
• B)required to be discounted using the firm's weighted average cost of capital
• C)required to be discounted using the time value of money, represented by current risk-free rate of interest
• D)not required to be discounted

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Definitions:

Invoice Price

The price of a product or service indicated on the invoice, representing the amount the buyer should pay.