Question: Under ASPE, an asset retirement obligation should be recognized when there is a legal obligation to restore the site of the asset at the end

Under ASPE, an asset retirement obligation should be recognized when
there is a legal obligation to restore the site of the asset at the end of its useful life.
an asset is impaired and is available for sale.
the company has an obligation to purchase a long-lived asset.
operation of an asset has resulted in an additional obligation such as the cost of cleaning up an oil spill.
Under ASPE, an asset retirement obligation should be recognized when there

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