Decommissioning Provision Flashcards
1
Q
Decommissioning provision
(ARO) ASPE
Recognition
A
Present obligation as a result of a past event
Probable that an outflow of resources will be required to settle the obligation
Reliable estimate can be made for the amount of the obligation
2
Q
Standards…
A
IAS 37
ASPE 3110
3
Q
A