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ABC recorded a decommissioning obligation at the beginning of Year 5 as follows: dr. land improvements $100,000, cr. decommissioning obligation $100,000. This amount was calculated
ABC recorded a decommissioning obligation at the beginning of Year 5 as follows: dr. land improvements $100,000, cr. decommissioning obligation $100,000. This amount was calculated by discounting the future cash flows using the PV factor for n=5; i=8%. Calculate the impact on net income for the adjustments required at the end of Year 5.
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