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Question - Bailout Period
A project costing P1,800,000 is expected to produce the following annual cash flows (after tax) and salvage value:
Year
Net cash inflow
Salvage value
1
500,000
800,000
2
600,000
3
4
400,000
5
700,000
300,000
Required - What is the bailout period for the project?
Create an argument for the increased disclosure requirements under IFRS 13 as compared to other IFRS standards addressing fair value measurement. Provide support for your argument.
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