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Source Sans... - 11 A- A A B. I u obe X2 X? APA PULA Style Review Question_Winter 2020_Page 1 Review Questions Chapter 13 Tin

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Source Sans... - 11 A- A A B. I u obe X2 X? APA PULA Style Review Question_Winter 2020_Page 1 Review Questions Chapter 13 Tin Mines International Ltd. discovered a new iron ore deposit, the Grouse Mine, and began production on January 1, 2020. The province requires mining companies to return the land to its natural state at the end of mining activity. Tin Mines International estimates that it will operate the mine for 25 years, at which time it will cost $ 25,000,000 for the land restoration project. Tin Mines International uses an 8% discount rate. Instructions a) Record any obligation for land restoration at January 1, 2020 b) Record any entry required related to this obligation at December 31, 2020 [follows ASPE) Record any entry required related to this obligation at December 31, 2020 (follows IFRS) at 857 words English (Canada)

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