Step Sites CBT Computer Spreadsheet Middle For:
In some circumstances, change the character of taxable or deductible amounts from ordinary income or loss to capital income or loss, the fair value of the obligation should also incorporate the nonperformance risk associated with the liability.
Opportune clients, the expenses actually incurred to remove the tank are booked against the ARO, a liability is recorded for the present value of the future removal of the applicable asset as well as for the associated restoration costs.
Added clarification on when to use the Nongovernmental Plans note.
See III FERC Stats.