fasb concepts statement no. 6, elements of financial statements aicpa statement of position 96-1, environmental remediation liabilities issue（fasb的概念表述6号,财务报表aicpa的元素声明的位置96 - 1,环境修复负债问题）.pdf

EITF ABSTRACTS Issue No. 90-8 Title: Capitalization of Costs to Treat Environmental Contamination Dates Discussed: May 31, 1990; July 12, 1990 References: FASB Statement No. 143, Accounting for Asset Retirement Obligations FASB Concepts Statement No. 6, Elements of Financial Statements AICPA Statement of Position 96-1, Environmental Remediation Liabilities ISSUE A company incurs costs to remove, contain, neutralize, or prevent existing or future environmental contamination (environmental contamination treatment costs). Those costs may be incurred voluntarily or as required by law. They may include a wide range of expenditures, including costs of removal of contamination, such as that caused by leakage from underground tanks, costs to acquire tangible property, such as air pollution control equipment, costs of environmental studies, and costs of fines levied under environmental laws. This Issue does not address (1) when to recognize liabilities related to environmental contamination treatment costs, (2) the measurement of those liabilities, or (3) whether environmental contamination treatment costs that are charged to expense should be reported as an unusual or extraordinary item. The issue is whether environmental contamination treatment costs should be capitalized or charged to expense. EITF DISCUSSION The Task Force reached a consensus that, in general, environmental contamination treatment costs should be charged to expense. Those costs may be capitalized if recoverable but only if any one of the following criteria is met: Copyright © 1990, Financial Acc