Applying financial reporting standards can be quite complex. The BDO team can help you assess your situation and prepare for the opportunities and challenges involved.
Applies to:
- Legal obligations, including obligations created by promissory estoppel, associated with the retirement of a tangible capital asset resulting from its acquisition, construction, development, or normal use.
- Asset retirement obligations can be associated with tangible capital assets, controlled by a public sector entity that are in productive use and those no longer in productive use.