Question: Indicate whether the following statement is true or false: When calculating an assets value in use, the most recent and detailed cash flow forecasts should

Indicate whether the following statement is true or false:

When calculating an assets value in use, the most recent and detailed cash flow forecasts should be used and should be based on the longest period possible so as to give the most inclusive and accurate value i.e. if there is both a 5-year cash flow projection and a 10-year cash flow projection available, then the 10-year cash flow projection must be used.

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