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According to the environment law, an entity expects to spend 5 2 0 m in one year and 2 6 0 m in two years

According to the environment law, an entity expects to spend 520m in one year and 260m in two years to address the consequences of an oil spill incident. The discount rate is 4%.
What is the amount of current provisions (provisions within current liabilities) recognised at the moment?
Hints: Current liabilities are due within one year.
Question 4 Answer
a.
500m
b.
250m
c.
260m

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