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ASC 410 — Asset Retirement and Environmental Obligations

Below is an overview of FASB Accounting Standards Codification Topic 410, Asset Retirement and Environmental Obligations, as well as a list of FASB Accounting Standards Updates (ASUs) and proposed ASUs related to this Topic.


ASC 410 comprises three Subtopics (Overall, Asset Retirement Obligations, and Environmental Obligations). Below is an overview of each Subtopic.


410-10 Overall

ASC 410-10 simply provides information about the differences between the other two Subtopics on asset retirement obligations and environmental obligations.


410-20 Asset Retirement Obligations

ASC 410-20 notes the following:


This Subtopic establishes accounting standards for recognition and measurement of a liability for an asset retirement obligation and the associated asset retirement cost. This Subtopic also addresses the accounting for an environmental remediation liability that results from the normal operation of a long-lived asset.

410-30 Environmental Obligations

ASC 410-30 notes the following:


This Subtopic provides guidance on accounting for environmental remediation liabilities and is written in the context of operations taking place in the United States; however, the accounting guidance is applicable to all the operations of the reporting entity.

This Subtopic discusses the following areas:


  1. Environmental remediation liability laws
  2. Laws intended to control or prevent pollution
  3. Other federal statutes
  4. Potentially responsible parties
  5. Strict liability
  6. Joint and several liability
  7. Mitigation of strict, joint and several, and retroactive liability
  8. Costs associated with remediation
  9. Environmental loss contingencies.

The full text of ASC 410 can be found in the FASB Accounting Standards Codification (link to the FASB's Web site; registration required). Also, the full text of the Codification and Deloitte-authored Q&As related to the Codification are available in the Deloitte Accounting Research Tool (DART) Web site (subscription required).

Content from the FASB Accounting Standards Codification® included at is copyrighted by the Financial Accounting Foundation, 401 Merritt 7, PO Box 5116, Norwalk, CT 06856-5116, and is reproduced with permission.

FASB Accounting Standards Updates

    The following ASUs amended the guidance in this Topic:

    Proposed FASB Accounting Standards Updates

      No current proposed ASUs on Topic 410.

      Correction list for hyphenation

      These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.