What is value in use of patented manufacturing technology, Financial Accounting

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What is value in use of patented manufacturing technology

Problem

View Policies Current Attempt in Progress Sheridan Company signs a contract to sell the use of its patented manufacturing technology to Grouper Corp. for 13 years. The contract for this transaction stipulates that Grouper pays Sheridan $19,500 at the end of each year for the use of this technology. Using a discount rate of 8%, what is the value in use of the patented manufacturing technology?

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