MR Industries Inc. (MRII) is a private business that builds and sells outside structures for homes and businesses (such as sheds, outbuildings, detached garages, and decks). The company follows ASPE, and is located in Woodstock, NB, where HST is 15%. The company's year-end is December 31. The following information is available for 2023: On December 29, MRII was advised that it was legally required to restore an area around one of its production facilities, when the facility is expected to close in 15 years. MRII estimates that this obligation will cost $250,000 to complete. MRII uses a discount rate of 6% for evaluation of such obligations. The following information relates to