PubMed · 12735191
Preparing for asset retirement.
Abstract
Statement of Financial Accounting Standards (SFAS) No. 143 requires organizations to recognize a liability for an asset retirement obligation when it is incurred--even if that occurs far in advance of the asset's planned retirement. For example, organizations must recognize future costs associated with medical equipment disposal that carries hazardous material legal obligations.
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Randall W Luecke, Alan Reinstein. 2003. Preparing for asset retirement.. https://pubmed.ncbi.nlm.nih.gov/12735191/
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