Under ASPE, an Asset Retirement Obligation Should Be Recognized When

Under ASPE, an asset retirement obligation should be recognized when

A) an asset is impaired and is available for sale.
B) operation of an asset has resulted in an additional obligation such as the cost of cleaning
Up an oil spill.
C) there is a legal obligation to restore the site of the asset at the end of its useful life.
D) the company has an obligation to purchase a long-lived asset.