Question: Please help me understand it thank you QUESTION 9 8 points Save Answer Premier Forest Limited (PFL) is an integrated lumber company operating in Ontario

Please help me understand it thank you

Please help me understand it thank you QUESTION 9
QUESTION 9 8 points Save Answer Premier Forest Limited (PFL) is an integrated lumber company operating in Ontario and Quebec. Total sales in 2020 were $825,000,000. Due to high duties imposed on exports to the United States, PFL expects to lose a quarter of its sales for the next five years. In the face of this, PFL has "temporarily" shut one of its sawmills. The sawmill was built in 2007 at a cost of $250,000,000. At the time, it was estimated to have a 25-year life. PFL uses straight-line depreciation and has estimated that salvage value less remediation costs will be zero. They have argued that by shutting down the plant for five years they do not need to depreciate it since it is not being used. Required State what type of audit report should be issued. Briefly explain your rationale. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIU S Paragraph Arial 10pt v E v A v EE x2 X2

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