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Asset retirement obligation is estimated to be $250K at origination (based on an 8% discount...

80.2K

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Question

Accounting

Asset retirement obligation is estimated to be $250K at origination (based on an 8% discount rate). The entry to record accretion expense at the end of the asset's second
year:
A reduces equity by 21.6 K
B increases assets by 21.6 K
C increases liabilities by
23.3K
D , reduces equity by 23.3 K
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