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Chemrite Inc. reported a total asset retirement obligation of $350,000 in last year’s balance sheet. This year, Chemrite acquired a new chemical manufacturing facility subject to unconditional retirement obligations. Two measures of the obligation are the discounted cash flow estimate of $82,000 and the undiscounted cash flow estimate of $105,000. Accretion expense equaled $23,000. What amount should Chemrite report for the asset retirement obligation in this year’s balance sheet?