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.
Berg
Gary G
GG
East Tennessee State University, College of Business and Technology, Johnson City, TN, USA. bergg@etsu.edu
Bayes
Paul E
PE
Morgan
Robert G
RG
D000066:Accounting / Q000331:legislation & jurisprudence / Q000592:standards*; D003132:Commerce / Q000331:legislation & jurisprudence; D003361:Cost Allocation; D004282:Documentation; D052918:Environmental Restoration and Remediation / Q000191:economics*; D004866:Equipment Contamination / Q000191:economics*; D005375:Financial Audit; D033161:Government Regulation; D017408:Guidelines as Topic; D006271:Health Facility Closure / Q000191:economics* / Q000331:legislation & jurisprudence; D006801:Humans; D016365:Liability, Legal; D020379:Risk Adjustment / Q000191:economics; D014481:United States