How much is the provision to be recognized

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Question - In 2021, EXHAUSTIVE COMPLETE Co. received a court order requiring the cleanup of environmental damages caused by one of EXHAUSTIVE's factory. EXHAUSTIVE has no other realistic alternative but to comply with the court order. Other entities have incurred around Php60M for similar cleanup; however, EXHAUSTIVE's best estimate of the cost of cleanup is Php80M. How much is the provision to be recognized?

Reference no: EM133132301

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