Problem 11: Xtra Processes, Inc. recently built a facility to extract natural gas. The cost of the facility was $4 million. Xtra is legally obligated to remove the facility at the end of its useful life of 20 years. The cost of removal is estimated to $139,000 (the present value discounted at 8% is $64,800). At the end of the 20 years, Xtra paid $150,000 to have the facility removed. Prepare the journal entry to record: A. The cost of the facility and the asset retirement obligation B. The depreciation of the facility (salvage value equal $0) and interest on the ARO C. The removal of the facility