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During the year Peterlee acquired an iron ore mine at a cost of $6 million. In additi

A.How should this $2 million future cost be recognised in the financial statements().

B.Provision $2 million and $2 million capitalised as part of cost of mine

C.Provision $2 million and $2 million charged to operating costs

D.Accrual $200,000 per annum for next ten years

E.Should not be recognised as no cost has yet arisen

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