2 3 5 Answer the below questions using the FASB Codification. Make sure that you properly cite the ASC reference and write well! I 1. What is the accounting treatment for recognizing asset retirement obligations (ARO)? 2. How is the ARO initially measured? 3. During the life of the long-term asset that has restoration costs, if there is new information that changes the initial measurement of the ARO, how should a company account for the change in the ARO? 4. Why is interest capitalized during the construction period for assets built for a company's own use? Why is interest considered to be part of the costs necessary to get the asset ready for its intended use? 5. Why is interest not capitalized on inventories?||