Mateja Co. established a silver mine in 2019. Per regulation, they must restore the land to its former state after mining activities have finished. Mateja Co. believes the mine will cease operations after 20 years and restoration may total $5,000,000. Mateja Co's discount rate is 6%. On December 31, year 1 what adjusting entry is needed to record accretion. Mateja Co. follows ASPE. a. Asset Retirement Obligation ..... Accretion Expense......... 93,541 93,541 O b. Interest Expense........... 93,541 Asset Retirement Obligation....... 93,541 Accretion Expense.......... 93,541 Asset Retirement Obligation....... 93,541 Od. Interest Expense....... 250,000 Asset Retirement Obligation.... 250,000