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Pharoah Company must perform an impairment test on its equipment. The equipment will produce the following Cash flows Year 1: 36,000 Year 2: 48,000 Year

Pharoah Company must perform an impairment test on its equipment. The equipment will produce the following Cash flows

Year 1: 36,000

Year 2: 48,000

Year 3: 65,000

Discount rate = 10%

What is the value in use for this equipment? What is the Present Value?

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