Brum Ltd is leasing an office building for which it has
no further use. However, the lease contract is non-
cancellable and the office building cannot be sub-let to
a third party.
Why do we setup a provision for this?
Ask the Tutor ACCA FR
Provisions
4y ago#1You set up a provision for the onerous contract. In this instance the provision would be for the remaining amounts on the lease.
Thanks
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