Even if the use of assets to settle a provision is several years away, you do not need to take into account the time value of money.

Name: Even if the use of assets to settle a provision is several years away, you do not need to take into account the time value of money.
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Question

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When the settlement of a provision involves a significant period of time, the time value of money should be considered, and the provision should be discounted to its present value.

Even If the Use of Assets to Settle a Provision