A company has purchased a plant for Rs. 5 million with an estimated useful life of 10 years. In order to provide funds for replacement of plant the company has decided to create provision with equal amounts for ten years. Therefore; the company debited “Plant replacement charges” and credited “Provision for Plant replacement” in current year’s financial statements. Comment and explain, whether the above provision meets the requirements of IAS 37? please answer me
We are glad that it helped you !! If you want to view the full set of lectures they are available on Udemy www.udemy.com/ias37-provisions-contingents-liabilities-assets/. Thanks and good luck with your studies The Tabaldi Team
Thank you Paihla Marma, we are glad that it helped you !! If you wanted to view the full set of lectures they are available on Udemy www.udemy.com/ias37-provisions-contingents-liabilities-assets/. Thanks and good luck with your studies
Very good and helpful videos. A lot of good information for my exam preperation
A company has purchased a plant for Rs. 5 million with an estimated useful life of 10 years. In order to provide funds for replacement of plant the company has decided to create provision with equal amounts for ten years. Therefore; the company debited “Plant replacement charges” and credited “Provision for Plant replacement” in current year’s financial statements.
Comment and explain, whether the above provision meets the requirements of IAS 37?
please answer me
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We are glad that it helped you !! If you want to view the full set of lectures they are available on Udemy www.udemy.com/ias37-provisions-contingents-liabilities-assets/. Thanks and good luck with your studies
The Tabaldi Team
OK
Thank you so much... Your lectures are great help
Thanks cybehead87, we are happy to have helped ! Good luck with your studies.
Thank you so much. This video helps me a lot understanding the decision tree very easily.
Thank you Paihla Marma, we are glad that it helped you !! If you wanted to view the full set of lectures they are available on Udemy www.udemy.com/ias37-provisions-contingents-liabilities-assets/. Thanks and good luck with your studies