on 1 st july 2020, moyles co opened a chemical reprocessing plant. The plant was due to be active for 5 years until 30 june 2025, when it would be decommissioned. On 1st july 2020, the cost of decommissioning the plant were estimated to be 4 millions in 5 year's time. The company consider that a discount rate of 12% is appropriate for the calculation of a present value, and the discount factor at 12% for year 5 is 0.567:

with working please

subject is international corporate reporting