Question: help asap Wyoming Industries acquired a mining facility at a cost of $26,000,000 at the beginning of 2024. The facility has a useful life of
Wyoming Industries acquired a mining facility at a cost of $26,000,000 at the beginning of 2024. The facility has a useful life of 12 years, is expected to have no residual value and will be depreciated on the straight-line basis. Under environmental regulations, Wyoming is required to dismantle and remove the facility at the end of the useful life and bear any cleanup costs. which are inevitable in such operations. The cost to comply with the law is estimated to be 52.900.000. The appropriate discount rate is 7.3%. Round all amounts to the nearest dollar What is the amount of accumulated depreciation on the mining facility as of December 31, 20247 n Question 2 3 pts Continuing to use the Wyoming Industries information on the 2025 income statement. what will the amount reported for accretion expense be? Question 3 3 pts Continuing to use the Wyoming Industries information. If the mining facility is disposed of at the end of the expected life and $1,560,000 is the costs of clean-up, what will be reported as Gain (Loss) on Settlement of Asset Retirement Obligation (Enter the amount of gain as a positive number or loss as a negative number)
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