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legislation was passed requiring potter to carry out modification of vehicles to enable harmful emission..should be completed by 30th june 2016 estimated cost $3mn…. nomodification was done till sep 2017 reporting date..likely to be fined $500,000 per month for illegal use of vehicle…management decided to perform during sep 2018.
how much provision must be accounted in sep 2017.
if 500000*3(july to sep) why should we not considered the next year provision in the current year
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