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Chapter 3 — Accounting for Environmental Obligations

3.4 Initial Measurement of Environmental Remediation Liabilities

3.4 Initial Measurement of Environmental Remediation Liabilities

Once a reporting entity has determined that it is probable that an environmental remediation liability has been incurred, the entity should estimate the amount of the liability on the basis of available information. As illustrated below, the initial measurement guidance in ASC 410-30 involves a two-step process.