Which of the following 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 a liability of uncertain timing or amount. The provision for warranties, long-service leave, and environmental damage are all examples of liabilities where the timing and/or amount is uncertain. However, provision for depreciation is not considered a provision as it is a systematic allocation of the cost of an asset over its useful life, and the timing and amount of such allocation is predetermined and certain.

Which of the Following Does Not Fit the IAS 37/AASB