ACCTG415 Study Guide - Quiz Guide: Maniwaki
8 Apr 2014
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This quiz consists of 3 questions on pages 2 to 5. 1 i {1 1 (1+i)n} where i n. Skinner mines ltd. is a tsx-listed company and follows ifrs. Maniwaki mine, in quebec and began production on january 1, 2013. The provincial law requires the company to return the land to its natural state at the end of mining activity. Skinner mines ltd. estimates that it will operate the mine for 30 years, after which time it will cost ,000,000 for the land reclamation project. The company uses a 7% discount rate for any capital investment project. Prepare the journal entry for the settlement of the asset retirement obligation. Watts corp. is a tsx-listed company and follows ifrs. On january 1, 2013, the company issued million of 10-year, 9% bonds. The bonds are dated january 1, 2013, and will pay interest on each. The company"s fiscal year ends on december 31.
