Estimating Useful Life, Percent Used Up , and Gain or Loss on Disposal Husky Energy is one
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Question:
Estimating Useful Life, Percent Used Up and Gain or Loss on Disposal
Husky Energy is one of Canadas largest integrated energy companies. Based in Calgary, Alberta, Husky is publicly traded on the Toronto Stock Exchange. The Company operates in Western and Atlantic Canada, the United States and the Asia Pacific Region with upstream and downstream business segments. The company uses IFRS to prepare its financial statements. During the company reported depreciation expense of $ million. The property and equipment footnote follows.
Oil and Processing, Retail
Gas Transportation and
Property, Plant and Equipment in C$ millions Properties and Storage Upgrading Refining Other Total
Cost
Dec. $ $ $ $ $ $
Additions
Acquisitions
Transfers from exploration and evaluation
Intersegment transfers
Changes in asset retirement obligations
Disposals and derecognition
Exchange adjustments
Dec. $ $ $ $ $ $
Accumulated depletion, depreciation, amortization, and impairment
Dec. $ $ $ $ $ $
Depletion, depreciation, amortization, and impairment
Disposals and derecognition
Exchange adjustments
Dec. $ $ $ $ $ $
Net book value
Dec. $ $ $ $ $ $
Dec.
Required
a Compute the average useful life of Husky Energys depreciable assets in Assume that land is of Refining
Related Book For
Financial And Managerial Accounting For MBAs
ISBN: 9781618533593
6th Edition
Authors: Peter D. Easton
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