Asset Retirement Obligation Instructions Chart of Accounts General Journal V Instructions Big Cat Exploration erected an oil platform in a remote area of Texas at a cost of $10 million. Bit Cat is legally required to dismantle and remove the platform at the end of its useful life, which is expected to be 10 years. Big Cat estimates that the cost of dismantling and removing the oil rig will be $700,000. Assume that the appropriate discount rate is 8% Required: Prepare the journal entry to record the acquisition of the oil platform Check My Work 3 more Check My Work uses remaining Previous Next > 4 W o arn Self Service h Hulu Universit. 6 CASFINet - OBI Netflix Asset Retirement Obligation Instructions Chart of Accounts General Journal Instructions Chart of Accounts General Journal General Journal Instructions GENERAL JOURNAL DATE ACCOUNT TITLE POST. REF DET 1 1 2 3 Check My Work more Check My Work uses remaining w g