Current Attempt in Progress

Bramble Limited purchased an oil tanker depot on July $2,2023,$ at a cost of $$510,000$ and expects to operate the depot for $10$ years.

After the $10$ years, Bramble is legally required to dismantle the depot and remove the underground storage tanks. It is estimated that

it will cost $$63,750$ to do this at the end of the depot's useful life. Bramble follows ASPE.

Click here to view the factor table.

Click here to view the factor table.

$($a$1)$

Calculate the present value of the asset retirement obligation $($that is$,$ its fair value$)$ on the date of acquisition, based on an

effective interest rate of $6\%.($Round factor values to $5$ decimal places, e$.$g$.1\mathrm{.}25124$ and final answer to $0$ decimal places, e$.$g$.5,275.)$

Present value of the asset retirement obligation $

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$($a$2)$

The parts of this question must be completed in order. This part will be available when you complete the part above.

$($b$)$

The parts of this question must be completed in order. This part will be available when you complete the part above.

$($c$)$

The parts of this question must be completed in order. This part will be available when you complete the part above.

$($d$)$

The parts of this question must be completed in order. This part will be available when you complete the part above.

$($e$)$

The parts of this question must be completed in order. This part will be available when you complete the part above.