Question 19 Current Attemptin Progress Waterway Processes including ches to find years. This thesied to be $17.in the present which is som bryruired to record the D a s F Natural Gasfc r or $6800000 and credit Asset Retre for $480000 Asset Retirement 517000000 andre De Question 19 View Policies Current Attempt in Progress Waterway Processes is involved with innovative approaches to finding energy reserves. Waterway recently bui twenty years. This cost is estimated to be $17 million (the present value of which is $6.8 million). What is the jou Debit Natural Gas Facility for $6800000 and credit Asset Retirement Obligation for $6800000. Debit Natural Gas Facility for $4800000 and credit Asset Retirement Obligation for $4800000. Debit Natural Gas Facility for $17000000 and credit Asset Retirement Obligation for $17000000. No journal entry required. Vaterway recently built a facility to extract natural gas at a cost of $122 million. However, Waterway is also legally responsible to remove the facility at the end of its useful life of million). What is the journal entry required to record the asset retirement obligation? or $6800000 For $4800000 for $17000000