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A government entity has been advised by its legal experts that it will have to pay compensation to a company. The legal case is complicated,

A government entity has been advised by its legal experts that it will have to pay compensation to a company. The legal case is complicated, so the estimated payment of $150,000 is expected to be made in 3 years' time. The government discounts its provisions at 3% per annum. What provision should be recognised by the government entity in the current year (to the nearest $000)?
$141,000
$164,000
$150,000
$137,000

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