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please solve they are the same wuestion but three parts CALCULATOR FRL SCREEN PRINTER VERSION BACK NE Exercise 13-14 Bramble Company purchases an oil tanker

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CALCULATOR FRL SCREEN PRINTER VERSION BACK NE Exercise 13-14 Bramble Company purchases an oil tanker depot on January 1, 2020, at a cost of $550,900, Bramble expects to operate the depot for 10 years, at which time it is legally required to dismantle the depot and remove the underground storage tanks. It is estimated that it will cost $72,480 to dismantle the depot and remove the tanks at the end of the depot's useful life. Prepare the journal entries to record the depot and the asset retirement obligation for the depot on January 1, 2020. Based on an effective interest rate of 6%, the present value of the asset retirement obligation on January 1, 2020, $40,472. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account tities are automatically indented when amount is entered De not indent manually.) Account Titles and Explanation Credit Date January 1, 2020 (To record the depot) January 1, 2020 (to record the retirement obligation) Prepare any journal entries required for the depot and the asset retirement obligation at December 31, 2020. Bramble uses straight-line depreciation; the estimated salvage value for the depois zero. (Round answers to a decimal places, eg. 5,275. Ir ne entry is required, select "No Entry for the account titles and enter for the amounts, Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account December 31, 2020 (To record depreciation for the depot) December 31, 2020 (To record depreciation on se retirerpnt obligation) December 31, 2020 (to record interest on se retirement obligation) SHOW LIST OF ACCOUNTS On December 31, 2029, Bramble pays a demolition firm to dismantle the depot and remove the tanks at a price of $77,630. Prepare the journal entry for the settlement of the asset retirement obligation. (Round answers to decimal places, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account tities are automatically indented when amount is entered. Do not indent manually.) Debit Credit Account Titles and Explanation December 31, 2029 Click if you would like to show Work for this question: Open Show Work

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