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Find what is the value in use of the patented manufacturing

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Reference no: EM132646189

Problem 1: Wildhorse Co. signs a contract to sell the use of its patented manufacturing technology to Swifty Corporation for 15 years. The contract for this transaction stipulates that Swifty Corporation pays Wildhorse $19,500 at the end of each year for the use of this technology. Using a discount rate of 10%, what is the value in use of the patented manufacturing technology?

(For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answer to 2 decimal places, e.g. 5,275.25.)

Reference no: EM132646189

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