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accounting In 2025, NewLife Landfill purchased a new landfill site. As part of the purchase, they determine future remediation costs of. $500,000. The landfil has

accounting

In 2025, NewLife Landfill purchased a new landfill site. As part of the purchase, they determine future remediation costs of. $500,000. The landfil has an estimated life of 25 years. NewLife's cost of capital is 8%. The present value of a single amount at BX for 25 years is 0.14602. The present value of an ordinary annuity at B% for 25 years is 10.67478. If the Asset Retirement Obligation is recorded correctly, what anount will be recorded as the liablity in 2025

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