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Swifty Limited purchased an oil tanker depot on July 2,2023, at a cost of $516,000...

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Accounting

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
$
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