It's a business level strategy. This is to take <span>actions to provide value to customers and gain a competitive advantage.
Hope this helps!</span>
i'm confused what your trying to say here?
Virtual collaboration r<span>efers to the use of digital technologies that enable organizations or individuals who are geographically dispersed to collaboratively plan, design, develop, With t</span><span>his type of method virtual team members communicate and collaborate via technology-mediated communication form multiple locations. </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)