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Show the amounts to be included in the financial statements

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Reference no: EM132740270

In December 2012, Marley Limited announced publicly its intention to reduce the lead content of paint manufactured by the company. This will involve modifying the company's plant and equipment at an estimated cost of £12,000,000, payable in equal annual instalments over the next six years, commencing in December 2013. Plant and equipment at 31 December 2012 has a remaining useful economic life of six years. The changes were prompted by market pressures and evaluated using discounted cash flow techniques. The discount rate used was 10%.

Requirement

Problem 1: Show the amounts to be included in the financial statements of Marley Limited for the year ended 31 December 2012 in respect of this.

Reference no: EM132740270

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