Asset retirement obligations are recognized:
A. When the related asset is retired or sold.
B. In the period they are incurred.
C. Gradually over the useful life of the related asset.
D. When the related asset is acquired.
Answer:B
Asset retirement obligations are recognized:
A. When the related asset is retired or sold. B. In the period they are incurred. C. Gradually over the useful life of the related asset. D. When the related asset is acquired.