According to the oil company BP, in 2010, the United States used 19,148,000 barrels of oil a day, and worldwide around 87,382,000 barrels of oil per day were used. 1 This includes oil used for (among other things) fuel and manufacturing.
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Presented below is information related to equipment owned by Porto Company on December 31, 2017. Cost $5,600,000 Accumulated depreciation to date 640,000 Expected future net cash flows 4,000,000 Fair value 2,720,000 Assume that Porto will continue
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