International Accounting
5th Edition
ISBN: 9781259747984
Author: Doupnik, Timothy S., Finn, Mark T., Gotti, Giorgio
Publisher: Mcgraw-hill Education,
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Chapter 12, Problem 8EP
a.
To determine
Calculate the carbon dioxide equivalent emission in 2015.
b.
To determine
Identify how much lower the 40% less emission of greenhouse gas be.
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Dow Chemical Company provides chemical, plastic, and agricultural products and services to various consumer markets
The following excerpt is taken from the disclosure notes of Dow's annual report
DOW CHEMICAL
Notes to the Financial Statements (excerpt)
Dow Chemical had accrued obligations of $381 million for environmental remediation and restoration costs, including $40
million for the remediation of Superfund sites. This is management's best estimate of the costs for remediation and
restoration with respect to environmental matters for which the Company has accrued liabilities, although the ultimate cost
with respect to these particular matters could range up to twice that amount. Inherent uncertainties exist in these
estimates primarily due to unknown conditions, changing governmental regulations and legal standards regarding liability.
and evolving technologies for handling site remediation and…
During the reporting period ending 30 June 2018, Midnight Boil Ltd constructed a nuclear power generator just outside of Melbourne. The cost of the power generator and associated technology amounted to $12 550 000. Other costs associated with the construction amounted to:Costs incurred in obtaining access to the site 2 500 500Power permits 400 500Engineers’ fees 1 100 500Total 4 001 500The plant was ready to start generating power on 1 July 2018, with actual generation starting on 1 October 2018. At the end of the power plant’s useful life, which is expected to be 10 years, Midnight Boil Ltd is required by the government to dismantle the plant, remove it, and return the site to its original condition. After consulting its own engineers and environmentalists, Midnight Boil Ltd estimates these costs to…
During the reporting period ending 30 June 2018, Midnight Boil Ltd constructed a nuclear power generator just outside of Melbourne. The cost of the power generator and associated technology amounted to $12 550 000. Other costs associated with the construction amounted to:Costs incurred in obtaining access to the sitePower permits Engineers’ fees$2 500 500400 5001 100 500 4 001 500The plant was ready to start generating power on 1 July 2018, with actual generation starting on 1 October 2018. At the end of the power plant’s useful life, which is expected to be 10 years, Midnight Boil Ltd is required by the government to dismantle the plant, remove it, and return the site to its original condition. After consulting its own engineers and environmentalists, Midnight Boil Ltd estimates these costs to be:Dismantling the plantEnvironmental remediation costs Replacement of flora and faunaMidnight Boil Ltd uses a discount rate of 10 per centRequired$750 5001 249 500100 000 2 100 000Prepare the…
Chapter 12 Solutions
International Accounting
Ch. 12 - What is sustainability reporting?Ch. 12 - Prob. 2QCh. 12 - What is the Global Reporting Initiative (GRI)?Ch. 12 - Prob. 4QCh. 12 - Prob. 5QCh. 12 - Prob. 6QCh. 12 - Prob. 7QCh. 12 - Prob. 8QCh. 12 - What is the primary difference between the GRI and...Ch. 12 - Prob. 10Q
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