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Guest Posted 22 years ago
Grammar
Decommissioning
what does decommissioning mean if in a companys balance sheet?
Top answer
Some large piece of equipment has been dismantled, I suppose, so it no longer has value as an asset. Can you be more specific?
- Some large piece of equipment has been dismantled, I suppose, so it no longer has value as an asset.
- Can you be more specific?
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2 Answers
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Some large piece of equipment has been dismantled, I suppose, so it no longer has value as an asset. Can you be more specific?
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Guest,
Did you mean "income statement" rather than balance sheet.
On an income statment there might be decommissioning costs. XYZ Corp closed a plant. Decommissioning Costs are X dollars. That is an expense item.
If it is on the balance sheet, can you say where? Assets or liabilities. And there is likely a note associated with it. Look in the notes section that
Did you mean "income statement" rather than balance sheet.
On an income statment there might be decommissioning costs. XYZ Corp closed a plant. Decommissioning Costs are X dollars. That is an expense item.
If it is on the balance sheet, can you say where? Assets or liabilities. And there is likely a note associated with it. Look in the notes section that
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