Which of the following procedures must be used to determine the recoverable amount of a machine which is included in the Machinery/Equipment account of an entity?

A) Determine the higher of the present value of the future cash flows that the item will generate for the entity and the price for which the item could be sold, less any costs to sell

B) Determine the price for which the item could be sold, less any selling costs

C) Determine the present value of the future cash flows that the item will generate for the entity, plus all accumulated depreciation of the machine

D) Determine the lower of the items net selling price and its value in use

E) Determine how much the entity would have to pay to purchase the item today

F) None of the above