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Prepare the schedule to calculate the balance in the Asset Retirement Obligation account for all years from 2023 to 2033 , assuming there is no
Prepare the schedule to calculate the balance in the Asset Retirement Obligation account for all years from 2023 to 2033 , assuming there is no change in the estimated cost of dismantling the depot. (Round answers to 2 decimal places, e.g. 5,275.23.) Riverbed Limited purchased an oil tanker depot on July 2,2023 , at a cost of $558,000 and expects to operate the depot for 10 years. After the 10 years, Riverbed is legally required to dismantle the depot and remove the underground storage tanks. It is estimated that it will cost $69,750 to do this at the end of the depot's useful life. Riverbed follows ASPE
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