TITLE

FASB Issues Statment For Asset Retirement Obligations

AUTHOR(S)
Heffes, Ellen M.
PUB. DATE
October 2001
SOURCE
Financial Executive;Oct2001, Vol. 17 Issue 7, p65
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article reports that the Financial Accounting Standards Board has issued Statement No. 143 regarding asset retirement obligations. The statement refers to closing costs of large assets such as nuclear plant decomissionings. It requires disclosure of a liability for an asset and allows the cost to be capitalized.
ACCESSION #
11872056

 

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