ABC company installed a plant useful life 8 year costing Rs1 Million and 200000 on its installation,
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Question:
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 ?
Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0133856439
7th edition
Authors: Arthur J. Keown
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