Question 1. On 1 January 206 Natiq LLC began a new operation involving the extraction of all from shale. This involves heavy drilling and earthworks, and Natiq LLC undertook to restore the area aiter four yeats. when the oil supply is exhausted. The restoration costs are estimated at 58m and Natiq Llc.s cost of capital is 9%. The expenditure on this new operation prompted a review of costs and on 1 December 206 the board of Natiq LCC agreed a restructuring plan. The projected costs were: On 15 January 207 the restructuring plan was communicated to the workforce and w35 not well received. The union mounted a legal challenge. Natiq LL's lawyers estimated possible damages at $1.5m but did not think the company would lose the case. 1. At what amount should the provision for restoring the landscape be shown at 31 December 207 ? 2. Explain restructuring provision and what should be the amount of the restructuring provision created for above mentioned restructuring plan