Sir, just say if the present value to decommission and restore a gold mine at the end of a 15 year mine life is $1,000,000. Initial entries are: Dr PPE $1,000,000 Cr Liability (end of life cost) $1,000,000
Over each of these 15 years and as at each balance sheet date, any changes in the future liability, are these changes reported in P & L, i.e, Dr or Cr P & L with change Dr or Cr with change in liab
or is this accounted for otherwise? Please confirm if correct.