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A company, upon initial recognition of an asset retirement obligation, should not take which of the following actions? A. Allocate asset retirement cost to expense
A company, upon initial recognition of an asset retirement obligation, should not take which of the following actions?
A. Allocate asset retirement cost to expense over the useful life of the related asset. B. Measure the asset retirement cost at fair value. C. Capitalize the asset retirement cost by increasing the carrying amount of the related asset. D. Capitalize the asset retirement cost at its undiscounted cash flow value
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