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E11-22 (Impairment-Cost Recovery and Rational Entity Models) The information that follows relates to equipment owned by Gaurav Limited at December 31, 2017: Cost $10,000,000 Accumulated

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E11-22 (Impairment-Cost Recovery and Rational Entity Models) The information that follows relates to equipment owned by Gaurav Limited at December 31, 2017: Cost $10,000,000 Accumulated depreciation to date 2,000,000 Expected future net cash flows (undiscounted) 7,000,000 Expected future net cash flows (discounted, value in use) 6,350,000

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