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According to U.S. GAAP, asset retirement obligations are ________. a. measured as the present value of past resource usage b. obligations to replace old buildings and equipment …

According to U.S. GAAP, asset retirement obligations are ________. a. measured as the present value of past resource usage b. obligations to replace old buildings and equipment …
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According to U.S. GAAP, asset retirement obligations are ________.

a. measured as the present value of past resource usage
b. obligations to replace old buildings and equipment with new assets
c. sinking funds for bonds or other long-term liabilities
d. long-term legal requirements to restore property
e. none of the above

asked
User Kunal Shaktawat
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7.3k points

1 Answer

4 votes

Answer:

D) long-term legal requirements to restore property

Step-by-step explanation:

answered
User James Eby
by
8.3k points
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