Should the entity create provision under ias

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Reference no: EM132694857

Problem 1: ABC Ltd operates profitably from a factory that it hasleased taken under an operating lease. On January 1, 2019 the entity relocates its operations to new factory. The easeon the old factory continues for next 4 years, it cannot becancelled and or sublet to another user. Can you analyse the case and identify the obligating event. Should the entity create provision under IAS 37?

Reference no: EM132694857

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