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7 The employees of ABC Ltd are entitled to 13 weeks' long service leave after 15 years' continuous service. The following high-quality corporate bond rates
7 The employees of ABC Ltd are entitled to 13 weeks' long service leave after 15 years' continuous service. The following high-quality corporate bond rates on 30 June 2021 have been identified. Period to maturity year 9 years 10 years Corporate bond rate (%) 4 8.5 11 Which interest rate should be used to calculate the balance of provision for long service leave related to the employees with 6 years of service on 30 June 20217 A Do not need to discount OB.8.5% OC 1196 86000
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