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Accounting Standard (AS) 28, ‘Impairment of Assets’, issued by Institute of Chartered Accountants of India prescribes the principles that an enterprise has to apply to ensure that its assets are carried at no more than their recoverable amount. For determination of the recoverable amount of an asset, measurement of ‘value in use’ is required under AS 28. AS 28 lays down the principles for the measurement of ‘value in use’ which in turn requires estimation of cash flows and the appropriate discount rates. It was being felt that there are many related aspects as regards the measurement of ‘value in use’ in respect of which guidance is required. Therefore, the Research Committee of the Institute decided to formulate this Technical Guide on ‘Estimation of Future Cash Flows and Discount Rates for the purposes of AS 28, Impairment of Assets’ to deal with such aspects. This Technical Guide provides practical implementation guidance in this regard.

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Available at-   Sale counters of the Institute of Chartered Accountants of India at New Delhi, Chennai, Mumbai, Kolkata and Kanpur. Copies can also be obtained by post. To order by post, send your request along with a demand draft for the amount of the price of the publication plus the postal charges in favour of “The Secretary, The Institute of Chartered Accountants of India”, payable at New Delhi, to the Postal Sales Department, The Institute of Chartered Accountants of India, ICAI Bhavan, A-94/4, Sector 58, Noida-201301- (U.P.)

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