Zelvane's provision for decommissioning an offshore wind turbine, whose future nominal cost is estimated at 1,700,000, is carried at 1,284,000 in the opening statement of financial position, discounted at 3.5%. What expense due to the passage of time does Zelvane recognise for the year, with no other change?
- Opening carrying amount of the provision
- 1,284,000
- Discount rate (%)
- 3.5 %
- Future nominal cost
- 1,700,000