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How can make initial estimate for PPE?
when it happen in 50 years.
I know we need to converse present value.
Which document we need to show to prove for this cost.Hi,
This is more of an audit issue where we need to look at the use of judgement in the amounts included in the accounts. It might be that we have used an expert for the figure, or it might have been something that has been calculated based on experience and past costs incurred.
In the FR exam, we are just given the figure and then need to discount it.
Thanks
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