# ASC 410-30-45: Asset Retirement and Environmental Obligations — Environmental Obligations — 45 Other Presentation Matters Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/410/30/#45-other-presentation-matters) 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. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-10T00:21:40.209Z to 2026-09-10T00:21:40.209Z Record version: sha256:fecd9e87be6685cdb8aae6ee48f66514b31a564218d352a4eaddbe6483d7e5dc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 410-30-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/410/30/#45-other-presentation-matters) SEC content: no ##### [410-30-45-1](https://asc.understandingaccounting.org/asc/410/30/#410-30-45-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:21:40.209Z to 2026-09-10T00:21:40.209Z Record version: sha256:cd6a229796e97ef9f4e7b1eda3286397dca9cf013da95309cd7ecbbc93f58a2f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity's balance sheet may include several assets that relate to an environmental remediation obligation. Among them are the following: 1. a Receivables from other potentially responsible parties that are not providing initial funding 2. b Anticipated recoveries from insurers 3. c Anticipated recoveries from prior owners as a result of indemnification agreements. ##### [410-30-45-2](https://asc.understandingaccounting.org/asc/410/30/#410-30-45-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:21:40.209Z to 2026-09-10T00:21:40.209Z Record version: sha256:26ba16791f2c06cd9843f03b3244c308acd59b2765bd2e0f2c84234479d9e6c2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A debtor that has a right of setoff that meets all of the conditions in paragraph [210-20-45-1](https://asc.understandingaccounting.org/asc/210/20/#210-20-45-1) may offset the related asset and liability and report the net amount. It would be rare, if ever, that the facts and circumstances surrounding environmental remediation liabilities and related receivables and potential recoveries would meet all of these conditions. ##### [410-30-45-3](https://asc.understandingaccounting.org/asc/410/30/#410-30-45-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:21:40.209Z to 2026-09-10T00:21:40.209Z Record version: sha256:52b0c67f736064cdf6bdedccb29f6eb522915d1c9d89dc292ade5414c2436279 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2015-01](https://asc.understandingaccounting.org/updates/asu-2015-01/). ##### [410-30-45-4](https://asc.understandingaccounting.org/asc/410/30/#410-30-45-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:21:40.209Z to 2026-09-10T00:21:40.209Z Record version: sha256:39f05c273ce6f603acaabe5991584bc5d6c26d6d39964c48d68e89311cf49d13 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Furthermore, it is particularly difficult to substantiate the classification of environmental remediation costs as a component of nonoperating expenses. Because the events underlying the incurrence of the obligation relate to an entity's operations, remediation costs shall be charged against operations. Although charging the costs of remediating past environmental impacts against current operations may appear debatable because of the time between the contribution or transportation of waste materials containing hazardous substances to a site and the subsequent incurrence of remediation costs, environmental remediation-related expenses have become a regular cost of conducting economic activity. Accordingly, environmental remediation-related expenses shall be reported as a component of operating income in income statements that classify items as operating or nonoperating. Credits arising from recoveries of environmental losses from other parties shall be reflected in the same income statement line. Any earnings on assets that are reflected on the entity's financial statements and are earmarked for funding its environmental liabilities shall be reported as investment income. ##### [410-30-45-5](https://asc.understandingaccounting.org/asc/410/30/#410-30-45-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:21:40.209Z to 2026-09-10T00:21:40.209Z Record version: sha256:7e963ce5612a32f0144f70e1414b2ac45efb1605a9d7fb8b811947963b626d86 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Environmental remediation-related expenses and related recoveries attributable to discontinued operations that were accounted for as such in accordance with Subtopic 205-20 shall be classified as discontinued operations. ##### [410-30-45-6](https://asc.understandingaccounting.org/asc/410/30/#410-30-45-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:21:40.209Z to 2026-09-10T00:21:40.209Z Record version: sha256:69a9e5701e4d419037483af345931196bbd9e63c25a65edc2d314c0450c3c85d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2015-01](https://asc.understandingaccounting.org/updates/asu-2015-01/).