Asset retirement and environmental obligations

FASB Accounting Standards Codification (FASB ASC) 410, Asset Retirement and Environmental Obligations, provides the authoritative guidance for the classification and measurement of obligations arising from the future cost of retiring long-lived tangibleassets. More specifically, FASB ASC 410-20 applies to legal obligations associated with the retirement of long-lived assets that result from the acquisition, construction, development and/or the normal operation of a long-lived asset and FASB ASC 410-30applies to environmental remediation liabilities. There often are questions about whether or not this