Swifty Limited purchased an oil tanker depot on July $2,2023,$ at a cost of $$516,000$ and expects to operate the depot for $10$ years.

After the $10$ years, Swifty is legally required to dismantle the depot and remove the underground storage tanks. It is estimated that it

will cost $$64,500$ to do this at the end of the depot's useful life. Swifty follows ASPE.

Show how all relevant amounts will be reported on Swifty's financial statements at December $31,2023.($Round answers to $0$

decimal places, e$.$g$.5,250.)$

SWIFTY LIMITED

Balance Sheet $($Partial$)$

As at December $31,2023$

I Current Assets

$