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BAWDY INDECENT Co. acquired an oil rig for ?400,000,000. Installation and other necessary costs in bringing the equipment to its intended condition for use totaled ?80,000,000. BAWDY is required by law to dismantle the equipment and restore the site where it is installed after 20 years. The estimated decommissioning and restoration costs are ?40,000,000. The imputed rate of interest is 12%.
Problem 1: How much is the initial cost of the equipment?
a. 480,000,000
b. 440,000,000
c. 484,146,672
d. 404,146,672
a firm sold an investment in securities available for sale originally costing 30000 for 28000. at the beginning of the
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estep construction co. is composed of two divisions 1 home construction and 2 commerical construction. the home
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