Soon Sing Sdn Berhad is a gold mining company in Malaysia. The geologist of the company discovered that there is plenty of gold underneath a land not far from a small touristic town in Raub. Soon Sing Sdn Berhad bought the land and started the gold mining process in the year 2020. The mining process will severely damage the environment as various chemicals will be used. Currently, no legal obligation exists under the law in Malaysia to restitute the land after the extraction of gold. However, the company has promised to an association of the local residents that the company will restitute the land and clean up the environment after the gold mining process is completed. It is estimated that the mining will take about 5 years to complete and the company will incur RM5 million to clean up the land upon completion of the gold mining.

Required: Discuss the accounting treatment from the perspective of Soon Sing Sdn Berhad