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Cash purchase price of an asset (1 January 20X1) Future decommissioning cost (the outflow expected on 31 December 20x3) as assessed on 1 January
Cash purchase price of an asset (1" January 20X1) Future decommissioning cost (the outflow expected on 31" December 20x3) as assessed on 1 January 20X1 Discount rate is Depreciation straight line to nil residual values is 3 years 450,000 399,300 10% During 20X2, it was established that due to unforeseen prices increases, the expected future cost of decommissioning will be Rs. 665,500. Required: Show Plant and provision Account of all years.
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