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Determine the amount of provision to be recognized

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Reference no: EM133065391

Question - Determine the amount of provision to be recognized given the circumstance: BTS Company manufactured a specialty humidifier and sold 550,000 units before discovering a potential malfunction in the equipment. The products were recalled and will be repaired for free.

BTS is unsure whether all humidifiers have defects. As such, a reasonable estimate and probability were made for the over-all repair cost: P 450,000 (35% probability), P 320,000 (25%), P 250,000 (20%), and P 125,000 (20%).

Reference no: EM133065391

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