Asset Retirement Obligation
|9 Months Ended|
Sep. 30, 2018
|Asset Retirement Obligation Disclosure [Abstract]|
|Asset Retirement Obligation||
Note 5 – Asset Retirement Obligation
The following table provides a reconciliation of the changes in the estimated present value of asset retirement obligations for the nine months ended September 30, 2018 and December 31, 2017.
Accretion expense for the three months ended September 30, 2018 and 2017 was $3,507 and $2,917, respectively. Accretion expense for the nine months ended September 30, 2018 and 2017 was $9,574 and $8,751, respectively.
The entire disclosure for an asset retirement obligation and the associated long-lived asset. An asset retirement obligation is a legal obligation associated with the disposal or retirement from service of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef