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Swifty Limited purchased an oil tanker depot on July 2 , 2 0 2 3 , at a cost of $ 5 1 6 ,
Swifty Limited purchased an oil tanker depot on July at a cost of $ and expects to operate the depot for years.
After the years, Swifty is legally required to dismantle the depot and remove the underground storage tanks. It is estimated that it
will cost $ to do this at the end of the depot's useful life. Swifty follows ASPE.
Prepare the schedule to calculate the balance in the Asset Retirement Obligation account for all years from to
assuming there is no change in the estimated cost of dismantling the depot. Round answers to decimal places, eg
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