Which of these does not fit the IAS 37/AASB 137 definition of a provision as a liability of uncertain timing or amount?

Question

Quizplus · Accepted Answer

A provision is defined as a liability of uncertain timing or amount. Depreciation is not a liability but an accounting concept to allocate the cost of an asset over its useful life. Therefore, provision for depreciation does not fit the definition of a provision under IAS 37/AASB 137.

Which of These Does Not Fit the IAS 37/AASB 137