Well I don't think it is such a big deal - especially if you factor in the next phrase, "not for themselves" - the elvish idea of a year was a "yen" having as Sam observed more time at their disposal" . They do no need to count them because they are immortal and they are not significant units of time to them... I mean I personally rarely get more precise in time than 5 minutes becasue I don't need to...
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“But Finrod walks with Finarfin his father beneath the trees in Eldamar.”
Christopher Tolkien, Requiescat in pace
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