Clooney Ltd is a large manufacturer of coffee machines and provides a two year warranty for all its products from the timeof purchase bu offering to repair or replace the item. Base on past experience, it is probable(that is, more likelyy than not) that there will be some claims under the warranties. REQUIRED: Using the decision tree from the guidance (part B ) section of AASB 137 provisions ,contingent liabilities and contingent assets, determine the treatment of the above item for the year ended 30 June 2019 explaining your answer.

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