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On June 21, 2022 VISTA Inc. purchased a Xylene distillery for $260 m. Plant engineers...

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Accounting

On June 21, 2022 VISTA Inc. purchased a Xylene distillery for $260 m. Plant engineers estimated a cost of $38 m to retire the plant at the end of its estimated useful life in December, 2039. The risk-free rate (rF) was 2.7% and VISTAs CFO estimated a 380 bps credit spread to rF On Oct 10, 2032 VISTA sold the distillery to Retsof Energy Prospect Partners (REPP) for $36 m cash. In the journal entry to record this transaction, What was the Dr. to PPE to record the transaction? [3 points]

260.000

263.592

272.162

272.601

279.764

What was depreciation accrual for VISTAs fiscal year ending Dec 31, 2022 ? [2 points]

What was the amount of the Dr. or Cr. to loss or gain for the 2032 transaction? [4 points]

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