Alasy has a year end 31 December 2021. On 15 December 2021 the directors publicly announced...

  

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Alasy has a year end 31 December 2021. On 15 December 2021 the directors publicly announced their decision to close an operating unit and make a number of employees redundant. Some of the employees will be transferred to other department within Alasy in another county. The cost of the closure is estimated to be: Redundancy costs €1,000,000 Relocation of continuing employees to the new location €200,000 Retraining of continuing employees €260,000 What is the closure provision that should be recognised? O a. 1,460,000 O b. 1,200,000 O c. 1,260,000 O d. 1,000,000 Alasy has a year end 31 December 2021. On 15 December 2021 the directors publicly announced their decision to close an operating unit and make a number of employees redundant. Some of the employees will be transferred to other department within Alasy in another county. The cost of the closure is estimated to be: Redundancy costs €1,000,000 Relocation of continuing employees to the new location €200,000 Retraining of continuing employees €260,000 What is the closure provision that should be recognised? O a. 1,460,000 O b. 1,200,000 O c. 1,260,000 O d. 1,000,000

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