# ASC 410-20-50: Asset Retirement and Environmental Obligations — Asset Retirement Obligations — 50 Disclosure

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/410/20/#50-disclosure)

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## ASC 410-20-50: 50 Disclosure

[Read section](https://asc.understandingaccounting.org/asc/410/20/#50-disclosure)

SEC content: no

##### [410-20-50-1](https://asc.understandingaccounting.org/asc/410/20/#410-20-50-1)

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An entity shall disclose all of the following information about its [asset retirement obligations](https://asc.understandingaccounting.org/glossary/a/#asset-retirement-obligation "An obligation associated with the retirement of a tangible long-lived asset."):

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](https://asc.understandingaccounting.org/glossary/a/#accretion-expense "An amount recognized as an expense classified as an operating item in the statement of income resulting from the increase in the carrying amount of the liability associated with the asset retirement obligation.")
        
    4.  4
        
        Revisions in estimated cash flows.
        

Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:

[220-40-65-1](https://asc.understandingaccounting.org/asc/220/40/#220-40-65-1)An entity shall disclose all of the following information about its [asset retirement obligations](https://asc.understandingaccounting.org/glossary/a/#asset-retirement-obligation "An obligation associated with the retirement of a tangible long-lived asset."):

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](https://asc.understandingaccounting.org/glossary/a/#accretion-expense "An amount recognized as an expense classified as an operating item in the statement of income resulting from the increase in the carrying amount of the liability associated with the asset retirement obligation.")
        
    4.  4
        
        Revisions in estimated cash flows.
        

See paragraphs

[220-40-50-21 through 50-25](https://asc.understandingaccounting.org/asc/220/40/#220-40-50-21)

for additional disclosure requirements.

##### [410-20-50-2](https://asc.understandingaccounting.org/asc/410/20/#410-20-50-2)

Pending content: no

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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.