Green Petroleum is constructing an oil well on the southern border of the United States. At the end of the well's useful life, the company is obligated to pay the costs to remove the facilities and restore the land. The following information has been compiled:

$\backslash$table$[[$In Service Date of Asset,January $1,20$X$1],[$Expected Useful Life of Asset,$30$ years$],[$Estimated Settlement Cost,$$1,660,000$