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Mine, beg production January 1, deposit, 2020. The province requires mining companies to return the land to its natural state at the end of mining
Mine, beg production January 1, deposit, 2020. The province requires mining companies to return the land to its natural state at the end of mining activity. Black Water Mining Company estimates that it will operate the mine for 25 years, at which time it will cost $ 25,000,000 for the land restoration project. Black Water Mining Company uses an 8% discount rate and follows ASPE. Required a. Record any obligation for land restoration at January 1, 2020. b. Record any entry required related to this obligation at December 31, 2020
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