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  3. that it will cost $68,250 to do this at the end of

that it will cost $68,250 to do this at the end of the depot's useful...

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Question

Accounting

that it will cost $68,250 to do this at the end of the depot's useful life. Sheffield follows ASPE.
Click here to view the factor table.
Click here to view the factor table.
(a1)
Your answer is correct.
places, e.g.5,275.)
Present value of the asset retirement obligation $
eTextbook and Media
List of Accounts
Attempts: 1 of 3 used
(a2)
Your answer is correct.
before credit entries. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Account Titles and Explanation
Oil Tanker Depot
Cash
(To record purchase of depot)
Oil Tanker Depot
Asset Retirement Obligation
Credit
546000
1
38110
(To record asset retirement obligation)5,275.23.)
\table[[Year,\table[[Begining Carrying],[Amount]],\table[[Ending Carrying],[Amount]]],[June 30,2024,$,Accretion Expense]]
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