(Solved by Humans)-An ARO liability present value is calculated at the end of 2014
Question
An ARO liability present value is calculated at the end of 2014 (determination of productive status) to be $2,450,000. The project begins production in year 2015. The credit adjusted risk free interest rate used was 3.5%.
What is the Accretion Expense in 2018? ??????? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ????? ???????????????????????????????????????????????????????
?What is the liability on the balance sheet at the end of 2019?? ???????????????????????????
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