QUESTION 11 A company expects to incur obligations associated with the disposition of a copper mine it acquired (to restore the land to its original condition after extraction is completed). Regarding this asset retirement obligation (ARO), the company should: o measure the ARO at the present value of estimated cash outflows and recognize the ARO in the period it is incurred. measure the ARO using actual cash outflows for restoration work and recognize the ARO as payments for restoration work occur. measure the ARO at undiscounted estimated future cash outflows and recognize the ARO in the period it is incurred