Exploration destroys land and must set up an asset retirement obligation. Annual obligation upon retirement 1,000,000 Interest rate 5% Number of payments 5 Years until retirement 30 What is the reduction to pretax income of recording the ARO?

Sep 8, 2023

Exploration destroys land and must set up an asset retirement obligation.

Annual obligation upon retirement 1,000,000
Interest rate 5%
Number of payments 5
Years until retirement 30

What is the reduction to pretax income of recording the ARO?

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