Authority and currency
About this authority
- Publisher
- Financial Accounting Foundation
- Standing
- Primary authority
- Version
- Topic 410 as accessed 2026-08-08
- Relevant parts
- Topic 410, Asset Retirement and Environmental Obligations; especially Subtopic 410-20
- Currency
- current · checked Aug 8, 2026
Topic 410 governs the US GAAP liability and associated asset-cost model for a qualifying legal retirement obligation. The fictional curriculum packet keeps the legal premise separate from measurement: it supplies the obligation, settlement scenarios, timing, and rate, then asks learners to reconcile initial measurement, accretion, asset-cost allocation, revision, and settlement.
A probability-weighted present value can tie perfectly while the recognition premise remains unsupported. Real work therefore retains the law, regulation, contract, constructive facts, engineering scope, expected settlement timing, and approval evidence behind the input set.