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on 1 July 2004,Experimentor opened a chemical reprocessing plant. the plant was due to be active for five years until 30 June 2009, when it
on 1 July 2004,Experimentor opened a chemical reprocessing plant. the plant was due to be active for five years until 30 June 2009, when it would be decommissioned. At 1 July, 2004, the costs of decommissioning the plant were estimated to be $4million in 5 years time. the company considers that a discount rate of 12% is approprite for the calculation of a present value, and the discount factor at 12% for year 5 is 0.567.
what is the total charge to the statement of profit or loss(Depreciation and finncial charge) in respect of the decommissioning for the year ended 30 June 2015?
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