Misis: Inday, bakit mo binenta yung sirang silya?
Inday: I have computed the chair's fair value less cost to sell, and the value in use using projections for 5 years and a pre-tax discount rate. Accordingly, the value in use is lower, so I decided to sell the chair. This in accordance with PAS18 on Revenue, PAS16 on Property, Plant, and Equipment, and PAS36 on Impairment of Assets!
Misis: ADIK ka talaga Inday!