CALCULATOR FULL SON INTER VERSION TRACK NEXT Exercise 13-14 Swity Company purchases an oil tanker depot on January 1, 2017, at a cost of $558,500. Swifty expects to operate the depot for 10 years at which time it is legal required to dismantle the depot and remove the underground storage tanks. It is estimated that it will cost $69,720 to dismantle the depot and remove the tanks at the end of the depot Prepare the journal entries to record the depot considered a plant asset) and the asset retirement obligation for the depot on January 1, 2017. Based on an effective state of the present value of the asset retirement obligation on January 1, 2017, is $38,931, ( no entry is required Select No Entry for the contritts and store for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually Date Account Titles and Explanation Debit Credit January 1, 2017 to record the door Sanuary 1, 2017 Postered to the end the ristretto 2011 answers to decimo 5.27. I ventry which con titles are automatically indented when it ) CALCULATOR FULL SCREEN MEER VISION Date Account Titles and Explanation Debit Credit December 31, 2017 (To record depreciation for the depot) December 31, 2017 ly to record depreciation on streorement obligation) December 31, 2017 Toccord Strest on remant obligation On December 31, 2020 Swift as demolition to dine the pot price of 7.00 Petalt for the remont obligation (Round anrs to decimal daca certy for the countles and the them Croit account titles are automatically Indented when one of Date Moules and Exalanti Det Credit Decore 1.2020 Date Debit Credit Account Titles and Explanation December 31, 2026 Click if you would like to show Work for this question: Roon Show Work FOR AT Question Allempts: 0 of 4 used pe here to search o & 7 9 8 96 15 6 P O t U Y T R