What is the value in use to Amazing of this trade name

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Question - Amazing Company acquires a trade name from Fantastic Ltd. Amazing estimates it will receive $7,200 per year from the name over the next 9 years. The first payment would be received at the end of the first year. Using a discount rate of 4%, what is the value in use to Amazing of this trade name?

a. $45,528

b. $58,398

c. $53,534

d. $55,676

Reference no: EM132571625

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