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Under ASPE, as an asset retirement obligation should be recognized when? A) operation of an asset has resulted in an additional obligation such as the

Under ASPE, as an asset retirement obligation should be recognized when?

A) operation of an asset has resulted in an additional obligation such as the cost of cleaning up an oil spill.

B) An asset is impaired and is available for sale.

C) there is a legal obligation to restore the site of the asset at the end of its useful life.

D) the company as an obligation to purchase a long-lived asset.

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