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5) A company has a legal obligation to remove an asset after it has finished with it in 8 years time. How is this

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5) A company has a legal obligation to remove an asset after it has finished with it in 8 years time. How is this dealt with in the accounts? 6) At 31 May 2016 Moo was being sued by a supplier over a disputed contract Moo's solicitor advise that the supplier is likely to be successful and that damages of $100,000 will be awarded against them. How should this be dealt with in the accounts?

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