What Is "Value in Use

Multiple Choice

What is "value in use"?

A) The present value of the future cash flows expected to be derived from an asset.
B) The amount obtainable from the sale of an asset in an arm's-length transaction less the costs of disposal.
C) The higher of an asset's fair value less costs to sell and its value in use.
D) The lower of an asset's fair value less costs to sell and its value in use.