3. Eric owns an item of plant which has a carrying amount of Ghs208,000 as at 1 April 2013. It is being depreciated at 14.5% per annum on a reducing balance basis. The plant is used to manufacture a specific product which has been suffering a slow decline in sales. Eric has estimated that the plant will be retired from use on 31 March 2017. The estimated net cash flows from the use of the plant and their present values are: Net cash flows Present values Ghs Ghs Year to 31 March 2015 150,000 119,200 Year to 31 March 2016 79,000 68,400 Year to 31 March 2017 53,000 41,000 282,000 228,600 3. Eric owns an item of plant which has a carrying amount of Ghs208,000 as at 1 April 2013. It is being depreciated at 14.5% per annum on a reducing balance basis. The plant is used to manufacture a specific product which has been suffering a slow decline in sales. Eric has estimated that the plant will be retired from use on 31 March 2017. The estimated net cash flows from the use of the plant and their present values are: Net cash flows Present values Ghs Ghs Year to 31 March 2015 150,000 119,200 Year to 31 March 2016 79,000 68,400 Year to 31 March 2017 53,000 41,000 282,000 228,600