{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/410/20/#50-disclosure","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":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"410-20-50-1","para":"50-1","html":"
An entity shall disclose all of the following information about its asset retirement obligations:
  1. a
    A general description of the asset retirement obligations and the associated long-lived assets
  2. b
    The fair value of assets that are legally restricted for purposes of settling asset retirement obligations
  3. c
    A reconciliation of the beginning and ending aggregate carrying amount of asset retirement obligations showing separately the changes attributable to the following components, whenever there is a significant change in any of these components during the reporting period:
    1. 1
      Liabilities incurred in the current period
    2. 2
      Liabilities settled in the current period
    3. 3
      Accretion expense
    4. 4
      Revisions in estimated cash flows.
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1An entity shall disclose all of the following information about its asset retirement obligations:
  1. a
    A general description of the asset retirement obligations and the associated long-lived assets
  2. b
    The fair value of assets that are legally restricted for purposes of settling asset retirement obligations
  3. c
    A reconciliation of the beginning and ending aggregate carrying amount of asset retirement obligations showing separately the changes attributable to the following components, whenever there is a significant change in any of these components during the reporting period:
    1. 1
      Liabilities incurred in the current period
    2. 2
      Liabilities settled in the current period
    3. 3
      Accretion expense
    4. 4
      Revisions in estimated cash flows.
See paragraphs
220-40-50-21 through 50-25
for additional disclosure requirements.
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If the fair value of an asset retirement obligation cannot be reasonably estimated, that fact and the reasons therefor shall be disclosed.
","snippet":"If the fair value of an asset retirement obligation cannot be reasonably estimated, that fact and the reasons therefor shall be disclosed.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:59ea41bfcb6fd4ce14b27dda38dabea13931b21c37fd0c5ad23e74dcfea9741f","downloaded_from":"2026-09-10T00:21:07.224Z","last_downloaded_at":"2026-09-10T00:21:07.224Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481850","source_sha256":"7c2ca256cfab6e2702b64996239ece8289d43901e878124ab04a0f61ef4de48d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0b482e93cbec58f7b34cc440b144effc9827ca1bf6b44767627fdf62003b347e","downloaded_from":"2026-09-10T00:21:07.224Z","last_downloaded_at":"2026-09-10T00:21:07.224Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481850","source_sha256":"7c2ca256cfab6e2702b64996239ece8289d43901e878124ab04a0f61ef4de48d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e3e50198f64930a88e01307eab22ea7bf97d9f62ab964c23d85c0e2db2ed64da","downloaded_from":"2026-09-10T00:21:07.224Z","last_downloaded_at":"2026-09-10T00:21:07.224Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481850","source_sha256":"7c2ca256cfab6e2702b64996239ece8289d43901e878124ab04a0f61ef4de48d"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e3e50198f64930a88e01307eab22ea7bf97d9f62ab964c23d85c0e2db2ed64da","downloaded_from":"2026-09-10T00:21:07.224Z","last_downloaded_at":"2026-09-10T00:21:07.224Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481850","source_sha256":"7c2ca256cfab6e2702b64996239ece8289d43901e878124ab04a0f61ef4de48d"}}