e: 05:26 PM / Remaining: 54 min. CALCUL Multiple Choice Question 115 Sunland Processes is involved with innovative approaches to finding energy reserves. Sunland recently built a facility to extract na also legally responsible to remove the facility at the end of its useful life of twenty years. This cost is estimated to be $15 million journal entry required to record the asset retirement obligation? Debit Natural Gas Facility for $ 15000000 and credit Asset Retirement Obligation for $ 15000000. No journal entry required. Debit Natural Gas Facility for $ 1900000 and credit Asset Retirement Obligation for $ 1900000. Debit Natural Gas Facility for $ 6400000 and credit Asset Retirement Obligation for $6400000. e: 05:26 PM / Remaining: 54 min. CALCUL Multiple Choice Question 115 Sunland Processes is involved with innovative approaches to finding energy reserves. Sunland recently built a facility to extract na also legally responsible to remove the facility at the end of its useful life of twenty years. This cost is estimated to be $15 million journal entry required to record the asset retirement obligation? Debit Natural Gas Facility for $ 15000000 and credit Asset Retirement Obligation for $ 15000000. No journal entry required. Debit Natural Gas Facility for $ 1900000 and credit Asset Retirement Obligation for $ 1900000. Debit Natural Gas Facility for $ 6400000 and credit Asset Retirement Obligation for $6400000