IAS 37/ PROVISION/UNWINDINGForums › ACCA Forums › ACCA FR Financial Reporting Forums › IAS 37/ PROVISION/UNWINDINGThis topic has 3 replies, 2 voices, and was last updated 12 years ago by fidget.Viewing 3 posts - 1 through 3 (of 3 total)AuthorPosts April 4, 2013 at 1:46 pm #121466 valiatyMemberTopics: 17Replies: 40☆☆a company in 5 years time will have to pay environmental costs of $5m. PV $5m and relevant discount rate is 10%Therefore the provision for 5 years will be made for: $5m x 0.62092 = 3,104,600and the provision for the following year will be: $5m x 0.68301 (disc. for 4 years)= 3,415,050How will found the amounts of “0.62092 and 0.68301”?Thank you April 6, 2013 at 10:33 am #121606 valiatyMemberTopics: 17Replies: 40☆☆thank you so much! April 6, 2013 at 5:33 pm #121637 fidgetMemberTopics: 8Replies: 203☆☆☆You’re welome! 🙂AuthorPostsViewing 3 posts - 1 through 3 (of 3 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In