I am working on Ocean Petroleum case memo, and need help withthat. I need to support my advice with a schedule and journalentries. Can you help me to write a schedule and jo
You are an in-house staffaccountant at Ocean Petroleum, Inc. (OPI), a publicly tradedcompany with a calendar year-end. OPI has recently expanded itsland-based operations to include constructing and operatingoffshore oil platforms. OPIâs first offshore platform beganoperating off the coast of Alaska on January 1, 2017. The totalcapitalized cost of constructing the platform was $100,000,000 andthe deep water drilling rig will be depreciated using straight-lineover its useful life of 10 years. As a result of legislationfollowing the 2010 BP oil spill, OPI is required to dismantle andremove the platform at the end of its useful life. OPI currentlyestimates that it will cost approximately $2,158,932 to dismantlethe platform in ten years. OPIâs current cost of capital is 8%.
In submitting your memo in ACCT 351 onthe date set by your ACCT 351 professor, please follow anyadditional requirements set forth by your ACCT 351 professor.
urnal entries of that case ?
I am working on Ocean Petroleum case memo, and need help withthat. I need to support my advice with a schedule and journalentries. Can you help me to write a schedule and jo
You are an in-house staffaccountant at Ocean Petroleum, Inc. (OPI), a publicly tradedcompany with a calendar year-end. OPI has recently expanded itsland-based operations to include constructing and operatingoffshore oil platforms. OPIâs first offshore platform beganoperating off the coast of Alaska on January 1, 2017. The totalcapitalized cost of constructing the platform was $100,000,000 andthe deep water drilling rig will be depreciated using straight-lineover its useful life of 10 years. As a result of legislationfollowing the 2010 BP oil spill, OPI is required to dismantle andremove the platform at the end of its useful life. OPI currentlyestimates that it will cost approximately $2,158,932 to dismantlethe platform in ten years. OPIâs current cost of capital is 8%.
In submitting your memo in ACCT 351 onthe date set by your ACCT 351 professor, please follow anyadditional requirements set forth by your ACCT 351 professor.
urnal entries of that case ?