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How much will Manson record as interest expense

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Question - On January 1, 2019, Manson Company erected a mining facility. The mining facility has useful life of 8 years, at the end of which Manson is required to dismantle and remove the facility. The estimated cost of dismantling and removal is $500,000. Assume a discount rate of 9 percent. How much will Manson record as interest expense related to the environmental liability on December 31, 2019?

Reference no: EM132510406

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