Name : Audya Intan Mutiarani

NIM : 20200420048

Answer Assignment Meeting 8 Intermediate Accounting II

a. January 1, 2019
Oil Tanker Depot …………………………………………… 600,000
Cash ………………………………………………… 600,000

Oil Tanker Depot …………………………………………… 39,087

Environmental Liability …………………………….. 39,087

b. December 31,2019
Depreciation Expense ………………………………………. 60,000
Accumulated Depreciation-Depot ………………….. 60,000

Depreciation Expense ……………………………………… 3,909

Accumulated Depreciation-Depot …………………. 3,909*

Interest Expense …………………………………………… 2,345

Environmental Liability …………………………… 2,345**

*$39,087/10
**$38,087 x .06

c. December 31, 2021

Environmental Liability …………………………………… 70,000
Loss on Statement of Environmental Liability ……………. 10,000
Cash ……………………………………………….. 80,000