ABC company installed a plant useful life 8 year costing Rs1 Million and 200000 on its installation, there is a legal requirement to restore the place after useful life.it is estimated that 200000 have incurred on 31 December using technology as they have past practiced, however if existing technology on this time of restoration it would cost 100000 only the entity uses discount rate 10% where applicable. 

Requirement 

:calculate the amount of provision ?

Answer rating: 100% (QA)

Estimated cost of restoration 100000 ... View the full answer