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Business, 26.06.2020 19:01 Lenaaa2019

A company buys an oil rig for $3600000 on January 1, 2021. The life of the rig is 10 years and the expected cost to dismantle the rig at the end of 10 years is $596000 (present value at 9% is $251760). 9% is an appropriate interest rate for this company. What expense should be recorded for 2021 as a result of these events

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A company buys an oil rig for $3600000 on January 1, 2021. The life of the rig is 10 years and the e...
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