The need to incur costs to reclaim a natural resource is an example of a(n)

Question

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Asset retirement obligation refers to the costs that an organization incurs in dismantling, removing, or restoring an asset, including environmental remediation obligations. Therefore, the need to incur costs to reclaim a natural resource after its depletion is an example of an asset retirement obligation. Choices A, C, and D are not entirely relevant to this context. Exploration costs are incurred in the search for natural resources, development costs involve the construction of infrastructure to support natural resource extraction, and depletion costs refer to the depletion of natural resources themselves.

The Need to Incur Costs to Reclaim a Natural Resource