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Determine if a provision should be provided for the year

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Reference no: EM132584013

A charity is administrated from offices that it has leased under a short term lease. During December 2018 it relocates its administration to a new building. The lease on the old office continues for the next three years and cannot be cancelled. The old offices cannot be sublet or otherwise assigned to another user.

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Question 1: Discuss the above situation and determine if a provision should be provided for the year 2018.

Reference no: EM132584013

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