Exercise 15.7 ★ ★ VALUE IN USE Management is assessing the future cash fl ows in relation to an entity’s assets, and considers that there are two possible scenarios for future cash fl ows. The fi rst, for which there is a 70% probability of occurrence, would provide future cash fl ows of $5 million. The second, which has a probability of occurrence of 30%, would provide future cash fl ows of $8 million. Management has decided that the calculation of value in use should be based on the most likely scenario, namely the one that will produce cash fl ows of $5 million. Required Evaluate management’s decision.