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    s0161962's Avatar
    s0161962 Posts: 1, Reputation: 1
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    #1

    Mar 13, 2008, 08:15 AM
    How Bexar should account for these
    Bexar Company has several warehouses located along a major earthquake fault line. The company has no earthquake insurance. Experts have estimated that a major earthquake will result in damage to the warehouses ranging from $250,000 to $500,000; no amount within this range is a better estimate than any other amount. Seismologists estimate that it is highly probable that a major earthquake will occur along the fault line within the next 5 years.
    MaggieMouse's Avatar
    MaggieMouse Posts: 226, Reputation: 8
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    #2

    Mar 13, 2008, 08:27 AM
    If it's probable then you need to accrued the liability using the mid-point of the range.
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