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

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2
Q

Standards…

A

IAS 37

ASPE 3110

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3
Q
A
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