Nuclear Plant is required to established an asset retirement obligation on January 1, 20X1. The following information
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Nuclear Plant is required to established an asset retirement obligation on January 1, 20X1. The following information is the best estimate of the future payments.
Annual obligation upon retirement | 250,000 |
Interest rate | 5.0% |
Number of payments | 4 |
Years until retirement | 25 |
What is the asset retirement obligation for this company on January 1, 20X1?
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