Reference no: EM133116481
Question - The following are provided by PELICANS Company for the year:
Amount owing to Zion Company for services rendered during December 2021, P450,000.
Estimated long service leave owing to employees in respect of prior years' services, P1,400,000.
Estimated cost of relocating an employee from main office to a branch in another city by January 1, 2022, P200,000.
Estimated cost of overhauling a machine every 5 years (machine is 5 years old by December 31, 2021, P180,000.
Required - Find provision reported on December 31, 2021?
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