Hirvane has two provisions at its reporting date: (1) a settlement payment of 120,000 due in three months; (2) an obligation to restore a mining site, of 4,000,000, to be carried out in twelve years. How should discounting be dealt with?
Hirvane has two provisions at its reporting date: (1) a settlement payment of 120,000 due in three months; (2) an obligation to restore a mining site, of 4,000,000, to be carried out in twelve years. How should discounting be dealt with?