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Healthc Financ Manage. 2003 Apr;57(4):84-90.

Preparing for asset retirement.

Author information

1
School of Business, Wayne State University, Detroit, USA. randall.luecke@csagroup.org

Abstract

Statement of Financial Accounting Standards (SFAS) No. 143 requires organizations to recognize a liability for an asset retirement obligation when it is incurred--even if that occurs far in advance of the asset's planned retirement. For example, organizations must recognize future costs associated with medical equipment disposal that carries hazardous material legal obligations.

PMID:
12735191
[Indexed for MEDLINE]

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