{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/410/20/#05-overview-and-background","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.","topic":"410","topic_title":"Asset Retirement and Environmental Obligations","subtopic":"410-20","subtopic_title":"Asset Retirement Obligations","section":{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"410-20-05-1","para":"05-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_542D35E4-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">This Subtopic establishes accounting standards for recognition and measurement of a liability for an <a href=\"/glossary/a/#asset-retirement-obligation\" class=\"term\" title=\"An obligation associated with the retirement of a tangible long-lived asset.\"><span>asset retirement obligation</span></a> and the associated <a href=\"/glossary/a/#asset-retirement-cost\" class=\"term\" title=\"The amount capitalized that increases the carrying amount of the long-lived asset when a liability for an asset retirement obligation is recognized.\"><span>asset retirement cost</span></a>. </span></span><span class=\"sfragment\" id=\"sfr_542D37B0-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">This Subtopic also addresses the accounting for an environmental remediation liability that results from the normal operation of a long-lived asset. </span></span></div></div>","snippet":"This Subtopic establishes accounting standards for recognition and measurement of a liability for an asset retirement obligation and the associated asset retirement cost. This Subtopic also addresses the accounting for a…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:325e32ee2be49cef12c64f4c80ef3afa64adaf8cbea31a152dc45f301add364a","downloaded_from":"2026-09-10T00:20:43.312Z","last_downloaded_at":"2026-09-10T00:20:43.312Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481631","source_sha256":"30a66f116df3db4d70875d44a7fecd7fdd3c965d3adc82bb058b4b1a118c3392"}},{"citation":"410-20-05-2","para":"05-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/updates/page-1833002/\" class=\"xref\">Paragraph not used</a>.</div></div>","snippet":"Paragraph not used.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7ddf04c748e40df790caa26654153b7894892fdbd93c387a5385275bb0da4948","downloaded_from":"2026-09-10T00:20:43.312Z","last_downloaded_at":"2026-09-10T00:20:43.312Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481631","source_sha256":"30a66f116df3db4d70875d44a7fecd7fdd3c965d3adc82bb058b4b1a118c3392"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6934331f27a590fb35c327432dcaf61ed43bd0ceef17a3baa2ef80bd0c72fa97","downloaded_from":"2026-09-10T00:20:43.312Z","last_downloaded_at":"2026-09-10T00:20:43.312Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481631","source_sha256":"30a66f116df3db4d70875d44a7fecd7fdd3c965d3adc82bb058b4b1a118c3392"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:586115292b631167ce4a55a687cd68d19ac087cc5f50e365e44cee5c53152dd2","downloaded_from":"2026-09-10T00:20:43.312Z","last_downloaded_at":"2026-09-10T00:20:43.312Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481631","source_sha256":"30a66f116df3db4d70875d44a7fecd7fdd3c965d3adc82bb058b4b1a118c3392"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:586115292b631167ce4a55a687cd68d19ac087cc5f50e365e44cee5c53152dd2","downloaded_from":"2026-09-10T00:20:43.312Z","last_downloaded_at":"2026-09-10T00:20:43.312Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481631","source_sha256":"30a66f116df3db4d70875d44a7fecd7fdd3c965d3adc82bb058b4b1a118c3392"}}