that it will cost $$68,250$ to do this at the end of the depot's useful life. Sheffield follows ASPE.

Click here to view the factor table.

Click here to view the factor table.

$($a$1)$

Your answer is correct.

places, e$.$g$.5,275.)$

Present value of the asset retirement obligation $

eTextbook and Media

List of Accounts

Attempts: $1$ of $3$ used

$($a$2)$

Your answer is correct.

before credit entries. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Account Titles and Explanation

Oil Tanker Depot

Cash

$($To record purchase of depot$)$

Oil Tanker Depot

Asset Retirement Obligation

Credit

$546000$

$1$

$38110$

$($To record asset retirement obligation$)5,275\mathrm{.}23.)$

$\backslash$table$[[$Year$,\backslash$table$[[$Begining Carrying$],[$Amount$]],\backslash$table$[[$Ending Carrying$],[$Amount$]]],[$June $30,2024,$$$,$Accretion Expense$]]$