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Ca Ajay Biwal

Latest Posts by Ca Ajay Biwal

Assets Retirement Obligation in Indian Accounting Standard

May 19, 2017 20052 Views 1 comment Print

As per Ind AS, An Asset Retirement Obligation (ARO) is a legal obligation associated with the retirement of a tangible long-lived asset in which the timing or method of settlement may be conditional on a future event and Decommission Liability is the Estimated amount of dismantling and restoration cost that a company expects to incurred in the future on the Asset Dismantling Date.

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