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Asset Retirement Obligations: A Reporting Concern for Healthcare Facilities

FASB statements and SEC guidelines give direction as to how healthcare organizations should account for their asset retirement obligations (AROs) where environmental issues are concerned. A key consideration is that current costs associated with environmental problems, such as encapsulating asbestos, are to be accounted for as part of an asset's cost and depreciated over the asset's remaining life.

Identiferoai:union.ndltd.org:ETSU/oai:dc.etsu.edu:etsu-works-18824
Date01 January 2008
CreatorsBerg, Gary, Bayes, Paul E., Morgan, Robert G.
PublisherDigital Commons @ East Tennessee State University
Source SetsEast Tennessee State University
Detected LanguageEnglish
Typetext
SourceETSU Faculty Works

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