Use the Following Information for Questions 43-44

Use the following information for questions 43-44.
Antimony Inc., a private company following ASPE developed a new gold mine during 2020, and is required by provincial law to restore the site to its previous condition once mining operations are completed. The company estimates that the mine will close in 20 years and that the land restoration will cost $ 5,000,000. Antimony uses a 6% discount rate.
-To the nearest dollar, the adjusting entry to record accretion at the end of Year One is
A) Accretion Expense .................................................. 250,000
Asset Retirement Obligation ...............................................................250,000
B) Accretion Expense .................................................. 93,541
Asset Retirement Obligation ............................................................... 93,541
C) Gold Mine................................................................... 93,541
Asset Retirement Obligation ......................................................... 93,541
D) Inter est Expense......................................................... 93,541
Asset Retirement Obligation ......................................................... 93,541