Asset retirement obligations: a reporting concern for healthcare facilities.

@article{Berg2008AssetRO,
  title={Asset retirement obligations: a reporting concern for healthcare facilities.},
  author={Gary G Berg and Paul E. Bayes and Robert G. Morgan},
  journal={Healthcare financial management : journal of the Healthcare Financial Management Association},
  year={2008},
  volume={62 11},
  pages={110-2, 114, 116}
}
FASB statements and SEC guidelines give direction as to how healthcare organizations should account for their asset retirement obligations (AROs) where environmental issues are concerned. A key consideration is that current costs associated with environmental problems, such as encapsulating asbestos, are to be accounted for as part of an asset's cost and… CONTINUE READING