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BPO 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
BPO recorded a decommissioning obligation at the beginning of Year 5 as follows: dr. land improvements $100,000, cr. decommissioning obligation $100,000. This amount was calculated by discounting the future cash flows using the PV factor for n=5; i=8%. Calculate the impact on net income for the adjustments required at the end of Year 5. (Assume straight line depreciation). Do not use "$", "," or "-". (i.e; only numerical characters, please) Decrease in net income
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