{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/410/10/","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","number":"410-10","topic":"410","title":"Overall","area":"Liabilities","paragraphs":3,"summary":"ASC 410-10 is a purely navigational \"Overall\" subtopic within the Asset Retirement and Environmental Obligations Topic. Its sole purpose is to explain the difference between Subtopic 410-20 (asset retirement obligations, the associated asset retirement cost, and environmental remediation liabilities arising from normal operation of a long-lived asset) and Subtopic 410-30 (environmental remediation liabilities generally). It contains no independent recognition or measurement rules.","concepts":["asset retirement obligation","asset retirement cost","environmental remediation liability","long-lived asset","normal operation","scope navigation"],"categories":["Recognition","Contingencies and guarantees","Inventory and PP&E"],"level":"introductory","topic_title":"Asset Retirement and Environmental Obligations","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"410-10-00-1","para":"00-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">No updates have been made to this subtopic.</div></div>","snippet":"No updates have been made to this subtopic.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:24daf369fd766ca0517d05d460cffee1705739a2578d94f6d1c52beb346a9b1c","downloaded_from":"2026-09-10T00:20:32.113Z","last_downloaded_at":"2026-09-10T00:20:32.113Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481752","source_sha256":"3a61bd139491e07d53098b082373c08debccce6c464bf594a975c0fcef8c17fe"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:901558e4e9fdd8378d30413f2c89a38f457d77d7d394aee34d97eb504e217ca0","downloaded_from":"2026-09-10T00:20:32.113Z","last_downloaded_at":"2026-09-10T00:20:32.113Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481752","source_sha256":"3a61bd139491e07d53098b082373c08debccce6c464bf594a975c0fcef8c17fe"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:48fb897fc6d2aed679d9282325e8e71ad45a7c25dc65ab630c5df938afd1fe67","downloaded_from":"2026-09-10T00:20:32.113Z","last_downloaded_at":"2026-09-10T00:20:32.113Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481752","source_sha256":"3a61bd139491e07d53098b082373c08debccce6c464bf594a975c0fcef8c17fe"}},{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"410-10-05-1","para":"05-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">The Asset <a href=\"/glossary/r/#retirement\" class=\"term\" title=\"The other-than-temporary removal of a long-lived asset from service. That term encompasses sale, abandonment, recycling, or disposal in some other manner. However, it does not encompass the temporary idling of a long-lived asset. After an entity retires an asset, that asset is no longer under the control of that entity, no longer in existence, or no longer capable of being used in the manner for which the asset was originally acquired, constructed, or developed.\"><span>Retirement</span></a> and Environmental Obligations Topic includes the following Subtopics:<ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\">Overall</div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\">Asset Retirement Obligations</div></li><li class=\"li-norm\"><span class=\"linum\">c</span><div class=\"p\">Environmental Obligations.</div></li></ol></div></div>","snippet":"The Asset Retirement and Environmental Obligations Topic includes the following Subtopics:\n(a) Overall\n(b) Asset Retirement Obligations\n(c) Environmental Obligations.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:eac90cabe47557b1792db4fa53ebe18946b82666ab5a0dadbdc4f68a86aea8c5","downloaded_from":"2026-09-10T00:20:34.133Z","last_downloaded_at":"2026-09-10T00:20:34.133Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481722","source_sha256":"83943549d99cff5474d99061d92129f9e7026345880f922c84b0fa992a984e83"}},{"citation":"410-10-05-2","para":"05-2","html":"<div class=\"asc-body\"><div class=\"norm-text\">The sole purpose of the Overall Subtopic is to explain the differences between the other two Subtopics. Subtopic <a altsource=\"GUID-4E041047-932A-4278-AD3B-0D0EF4B282B9.ditamap\" class=\"ditamap\">410-20</a> provides guidance on accounting for and financial reporting of a liability for an asset retirement obligation (and the associated asset retirement cost) and an environmental remediation liability that results from the normal operation of a long-lived asset (see paragraph <a href=\"/asc/410/20/#410-20-55-7\" class=\"xref\">410-20-55-7</a>). Subtopic <a altsource=\"GUID-B703DF4B-EE18-458A-8968-CCC3E8B5936E.ditamap\" class=\"ditamap\">410-30</a> provides guidance on accounting for and financial reporting of environmental remediation liabilities.</div></div>","snippet":"The sole purpose of the Overall Subtopic is to explain the differences between the other two Subtopics. Subtopic 410-20 provides guidance on accounting for and financial reporting of a liability for an asset retirement o…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fc3a49370fc1fe21f3cfa17c8192b9861ce07326d61c9fce2d90d6f6b83abf1f","downloaded_from":"2026-09-10T00:20:34.133Z","last_downloaded_at":"2026-09-10T00:20:34.133Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481722","source_sha256":"83943549d99cff5474d99061d92129f9e7026345880f922c84b0fa992a984e83"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c7675ad9653f5bfe3177ef0ef17457606d6c719f6f9b63d410ffb184615d065c","downloaded_from":"2026-09-10T00:20:34.133Z","last_downloaded_at":"2026-09-10T00:20:34.133Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481722","source_sha256":"83943549d99cff5474d99061d92129f9e7026345880f922c84b0fa992a984e83"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dca9f7bbecf86fb186dabcb6b9719bce3693530d367dfba09250e4dc41c2afed","downloaded_from":"2026-09-10T00:20:34.133Z","last_downloaded_at":"2026-09-10T00:20:34.133Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481722","source_sha256":"83943549d99cff5474d99061d92129f9e7026345880f922c84b0fa992a984e83"}}],"enrichment":{"summary":"ASC 410-10 is a purely navigational \"Overall\" subtopic within the Asset Retirement and Environmental Obligations Topic. Its sole purpose is to explain the difference between Subtopic 410-20 (asset retirement obligations, the associated asset retirement cost, and environmental remediation liabilities arising from normal operation of a long-lived asset) and Subtopic 410-30 (environmental remediation liabilities generally). It contains no independent recognition or measurement rules.","key_points":["Topic 410 comprises three Subtopics: Overall (410-10), Asset Retirement Obligations (410-20), and Environmental Obligations (410-30) (410-10-05-1).","The sole purpose of the Overall Subtopic is to explain the differences between the other two Subtopics (410-10-05-2).","Subtopic 410-20 governs the liability for an asset retirement obligation and the associated asset retirement cost, and also an environmental remediation liability that results from the normal operation of a long-lived asset (see 410-20-55-7).","Subtopic 410-30 governs accounting and financial reporting for environmental remediation liabilities (i.e., those not arising from normal operation of a long-lived asset) (410-10-05-2).","410-10 itself prescribes no recognition, measurement, presentation, or disclosure requirements; the operative guidance resides in 410-20 and 410-30."],"categories":["Recognition","Contingencies and guarantees","Inventory and PP&E"],"audience_level":"introductory","student_note":"The exam trap is picking the wrong subtopic: if the environmental liability arises from the normal operation of a long-lived asset (e.g., legally required removal of contaminated equipment at retirement), it is an ARO under 410-20; remediation of past contamination or improper operation falls under 410-30. 410-10 itself has no substantive rules.","related_topics":["410-20","410-30","450-20","420","360-10"],"key_concepts":["asset retirement obligation","asset retirement cost","environmental remediation liability","long-lived asset","normal operation","scope navigation"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:aab71a8c045fefab65289b679662cb0f8e26ef5d39cf76b329499113de863556","downloaded_from":"2026-09-10T00:20:32.113Z","last_downloaded_at":"2026-09-10T00:20:38.088Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"405-10","title":"Overall","topic_title":"Liabilities","score":0.7424,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:63c6eb237ac0fc1cf6addcb36c024b665c3993bfe22260f0b54902bab3aa77f3","downloaded_from":"2026-09-10T00:13:36.711Z","last_downloaded_at":"2026-09-10T00:13:43.757Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"410-980","title":"Regulated Operations","topic_title":"Asset Retirement and Environmental Obligations","score":0.7099,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:838a0f2ec41435c85e4c6428fcaef7d97f4c10c57f7feb4f8c12bb46dc396770","downloaded_from":"2026-09-10T00:22:01.250Z","last_downloaded_at":"2026-09-10T00:22:29.648Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"410-20","title":"Asset Retirement Obligations","topic_title":"Asset Retirement and Environmental Obligations","score":0.6916,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:655e9dac58876dcc2484c0c2914a83f73e0d62b69168a58240b0ad22fd11dc7e","downloaded_from":"2026-09-10T00:20:40.400Z","last_downloaded_at":"2026-09-10T00:21:17.061Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"410-30","title":"Environmental Obligations","topic_title":"Asset Retirement and Environmental 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