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1. On 1 July 2014, Experimenter opened a chemical reprocessing plant. The plant was due tobe active for five years until 30 June 2019, when
1. On 1 July 2014, Experimenter opened a chemical reprocessing plant. The plant was due tobe active for five years until 30 June 2019, when it would be decommissioned. At 1 July 2014, the costs of decommissioning the plant were estimated to be Ghs6 million in 6 years' time. Experimenter considers that a discount rate of 12% is appropriate for the calculation of a present value, and the discount factor at 12% for five years is 0.567. What is the total charge to the statement of profit or loss in respect of the decommissioning for the year ended 30 June 2015
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