by Amanda Payne | Nov 11, 2021 | ARO Accounting, Articles, ASC 410, Extractive Activities, Fixed Asset Accounting, Industry Accounting, Lease Accounting, Oil and Gas, Retirement
Asset Retirement Obligations (ARO) are commonly associated with industries such as oil and gas, mining, waste disposal, or nuclear energy. Some examples specific to the oil and gas industry include oil well plugging and abandonment and underground storage tank...