Under U.S. GAAP, accounting for an ARO requires estimating the fair value that the company would have to pay to retire the asset in today's market.

Name: Under U.S. GAAP, accounting for an ARO requires estimating the fair value that the company would have to pay to retire the asset in today's market.
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Under U.S. GAAP, an Asset Retirement Obligation (ARO) is measured at its fair value, which is the amount the company would pay in today's market to settle the obligation.

Under US GAAP, Accounting for an ARO Requires Estimating the Fair