Recovery is saving, that is, releasing immobile,
inoperative, or abandoned equipment from its current location and returning it
to operation or to a repairs site for maintenance. These actions typically
involve towing, lifting, or winching. The answer here is self-recovery. Actions
necessitate using only the equipment’s assets. Self-recovery starts at the place
where the equipment becomes caught up or disabled. The operator or crew uses
the accessible recovery objects to carry out self-recovery.
<span>Holly would want to run a parallel test. In this, she would be able to utilize the processing capability at some third-party location while still being able to use all of her own technical resources and not expending any of her own on-site. The activity at her center would not be lowered and would still be able to give the results she requires.</span>
Answer:
Natural gas is debited by $6.3 million and asset retirement obligation is credited by $6.3 million.
Explanation:
According to the scenario, computation of the given data are as follow:-
Estimated cost = $16 million
Present value = $6.3 million
So, we will make journal entry for asset retirement obligation by taking present value of assets.
Journal entry to record the asset retirement obligation are as follows :-
Natural gas facility A/c Dr. $6,300,000
To Asset retirement obligation A/c $6,300,000
( Being asset retirement obligation is recorded)
Answer:
$28,000
Explanation:
Ending retained earnings = beginning retained earning + current earnings - dividends paid out.
for Jane's Bakery,
Beginning retained earning 0,
Dividends : $36,000
earnings = revenues - expenses
earnings = $130,000 - $ 66,000
=64,000
ending retained earnings = 0+$64,000- $36,000
=$28,000
Answer:
E. An uncut diamond that you discover in your backyard.
Explanation:
Generally, the term ‘capital’ refers to any financial resources or assets owned by a business that are useful in furthering development and generating income.
