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Hello Mr. Steve ,Hope you are doing well.
My que is that why are we reducing the decommissioning provision from both carrying value and Value-in-use.
Please give enough detail so that I and other candidates don’t have to try and find the question. 🙂
As the answer states there seems to be a very obscure rule in IAS 36, which I have never come across before.
If we did not deduct the 53 from both asset and liability, I think we would end up with the same answer.
So, on balance, I wouldn’t worry about it.
Best I can do.
🙂
PS Grant Thornton have an excellent guide but I can’t find this in there either.
yeah, if we reduce decommissioning provision $53 from both then the effect will be neutral.?
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