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What is the amount of provision as of December

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Question - JYY Inc. entered into a non-cancelable 10-year rental with an annual payment of 100,000. At contract signing, 200,000 rent deposit is paid to the building owner to be applied to the last two years of the rent. On December 31, 2021, JYY Inc. cancels the rent contract when the remaining term is 6 years. JYY Inc. is obligated to pay the rentals for the remaining term of the contract. What is the amount of provision as of December 31, 2021 related to the cancelled rent contract?

Reference no: EM133019907

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