Question: Chemical Inc., does experiments that harm the earth and must set up an asset retirement obligation on January 1, 20x1 based on the below estimates.

Chemical Inc., does experiments that harm the earth and must set up an asset retirement obligation on January 1, 20x1 based on the below estimates. Annual obligation upon retirement 340.000 Interest rate Number of payments Years until retirement What is the 20x1 pre-tax income statement impact of the asset retirement obligation? Numeric Response

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