if the retirement of the coal reserve is 2 years from now (12/31/2022), assume 10%...
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Accounting
if the retirement of the coal reserve is 2 years from now (12/31/2022), assume 10% interest rate, what dollar amount should the company report as the asset retirement obligation today?
Round your answer to one decimal point. For example, $ 5.55 million should be typed as 5.6 Company A expects the following cash flow related the retirement of its coal reserve:
| Cash Outflow | Probability | ||||||
| $ | 10 | million | 60 | % | |||
| $ | 30 | million | 40 | % |
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